Browsing: Interest rates

Bitcoin faces a potential first negative October performance in eight years, with current prices 2.3% below the monthly start, threatening the ‘Uptober’ bullish tradition. Historical data from CoinGlass and insights from economists like Timothy Peterson highlight rare declines and rebound potential, while technical analysis identifies key support and resistance levels. Institutional inflows and Federal Reserve policies could offer relief, but risks remain in this volatile market environment.

Economist Timothy Peterson predicts that the US Federal Reserve’s anticipated rate cuts could significantly boost Bitcoin and altcoins, with markets potentially underestimating the aggressive policy shifts. This analysis delves into institutional demand, technical levels, and regulatory influences, offering strategies to navigate volatility and capitalize on bullish trends.