Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom

Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […] - Bitcoin News - https://ift.tt/8HRUBaQ