{"id":51658,"date":"2024-09-18T01:41:00","date_gmt":"2024-09-18T01:41:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/bitcoin-volatility-us-interest-rate-decision-analysts"},"modified":"2024-09-18T03:35:05","modified_gmt":"2024-09-18T03:35:05","slug":"bitcoin-poised-for-volatility-ahead-of-us-interest-rate-decision-analysts","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=51658","title":{"rendered":"Bitcoin poised for volatility ahead of US interest rate decision \u2014 Analysts"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDkvMDE5MWZmM2UtMjkwNy03NGEwLTgzZjItNDNkNzUzYjM1YjQ2.jpg\" \/><\/p>\n<p>Bitcoin (BTC) price may be faced with more downside pressure ahead of the United States Federal Reserve\u2019s Sept. 18 interest rate decision after losing the key $60,000 support.<\/p>\n<p>The incoming decision could introduce more price volatility for the world\u2019s first cryptocurrency, depending on which way it goes, according to Bitfinex analysts, who told Cointelegraph:<\/p>\n<blockquote><p>\u201cDepending on whether the rate cut is 25 basis points or 50 basis points, market behavior could swing between bullish optimism and cautious de-risking in response to major macroeconomic adjustments. This expected volatility might be reflected in flows across ETFs and perpetual markets, which are likely to exhibit increased fluctuations.\u201d<\/p><\/blockquote>\n<p>The prediction comes a day before the Fed is widely expected to deliver its first interest rate cut since the beginning of the COVID-19 pandemic.<\/p>\n<p>More analysts are increasingly calling for a Bitcoin breakout in October, which could be catalyzed by the Fed\u2019s interest rate cut.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin price struggles as bears overtake bulls in futures markets<\/strong><\/em><\/p>\n<h2>$52,000 Bitcoin was the price bottom \u2014 Bitfinex analysts<\/h2>\n<p>Bitcoin recovered above the $60,000 psychological mark on Sept. 14 for the first time since Aug. 30, but it lost the key support level on the same day.<\/p>\n<p>However, Bitcoin\u2019s recent price action suggests that the token bottomed at around $52,000, explained Bitfinex\u2019s analysts:<\/p>\n<blockquote><p>\u201cOur earlier view that Bitcoin&#8217;s dip to $52,756 on Sept. 6 might represent a potential local bottom has been substantiated. Prices have subsequently increased by over 15 percent, supported by a significant uptick in Bitcoin ETF net inflows of $403.9 million over the past week.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-09\/0191ff52-143b-749e-8cf5-d94f45ff903e\" alt=\"\" \/><figcaption><em>BTC\/USD, 1-day chart. Source: Bitfinex<\/em><\/p>\n<\/figcaption><\/figure>\n<p>Bitfinex analysts have previously called for a Bitcoin correction into the low $50,000, which could represent a \u201ccritical point\u201d for the market ahead of the next interest rate cut.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Ethereum falls to new 42-month low vs. Bitcoin \u2014 Bottom or more pain ahead?\u00a0<\/strong><\/em><\/p>\n<h2>Markets expect a 50-basis-point rate cut, but analysts disagree<\/h2>\n<p>According to the latest data from the CME FedWatch tool, the odds of a 25 basis-point rate cut currently stand at 33%, while the odds of a 50 basis-point rate cut are at 67%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-09\/0191ff52-6349-7144-a105-6ea4ce7ccd0b\" alt=\"\" \/><figcaption><em>Odds of an interest rate cut. Source: CME FedWatch<\/em><\/p>\n<\/figcaption><\/figure>\n<p>Despite increasing bets on a larger rate cut, the Bitfinex analysts see a 25-basis-point rate cut as more likely. They added:<\/p>\n<blockquote><p>\u201cThere is slightly stronger core inflation, which we believe will make the Fed more cautious about rate cuts, and we expect a smaller 25-basis-point cut, rather than a more aggressive 50 basis point reduction.\u201d<\/p><\/blockquote>\n<p>The interest rate cut, combined with previous historical chart patterns, could set Bitcoin up for a three-month rally above $92,000, considering that October, November and December are historically bullish months for BTC.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><em><strong>Bitcoin ETFs may face hacker threats, Ellison seeks no prison time, and more: Hodler\u2019s Digest, Sept. 8 \u2013 14<\/strong><\/em><\/p>\n<p>Check <span style=\"background: #FDFBAC; padding: 1px 4px;\">other news for today<\/span> and Please stand by..<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) price may be faced with more downside pressure ahead of the United States Federal Reserve\u2019s Sept. 18 interest rate decision after losing the key $60,000 support. The incoming decision could introduce more price &hellip; <a title=\"Bitcoin poised for volatility ahead of US interest rate decision \u2014 Analysts\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=51658\"><span class=\"screen-reader-text\">Bitcoin poised for volatility ahead of US interest rate decision \u2014 Analysts<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":51660,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651],"tags":[139,3544,7008,3812,5652,10,159,97,4352],"class_list":["post-51658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","tag-bitcoin","tag-bitcoin-news","tag-btc-volatility","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","tag-news-crypto","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin poised for volatility ahead of US interest rate decision \u2014 Analysts - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=51658\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin poised for volatility ahead of US interest rate decision \u2014 Analysts - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) price may be faced with more downside pressure ahead of the United States Federal Reserve\u2019s Sept. 18 interest rate decision after losing the key $60,000 support. 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The incoming decision could introduce more price &hellip; Bitcoin poised for volatility ahead of US interest rate decision \u2014 AnalystsRead more","og_url":"https:\/\/emilynews.com\/blog\/?p=51658","og_site_name":"EmilyNews","article_published_time":"2024-09-18T01:41:00+00:00","article_modified_time":"2024-09-18T03:35:05+00:00","og_image":[{"width":838,"height":557,"url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/09\/btcvol.jpg","type":"image\/jpeg"}],"author":"Emilynews","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emilynews","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=51658","url":"https:\/\/emilynews.com\/blog\/?p=51658","name":"Bitcoin poised for volatility ahead of US interest rate decision \u2014 Analysts - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=51658#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=51658#primaryimage"},"thumbnailUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/09\/btcvol.jpg","datePublished":"2024-09-18T01:41:00+00:00","dateModified":"2024-09-18T03:35:05+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=51658#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=51658"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=51658#primaryimage","url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/09\/btcvol.jpg","contentUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/09\/btcvol.jpg","width":838,"height":557},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=51658#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"Bitcoin poised for volatility ahead of US interest rate decision \u2014 Analysts"}]},{"@type":"WebSite","@id":"https:\/\/emilynews.com\/blog\/#website","url":"https:\/\/emilynews.com\/blog\/","name":"EmilyNews","description":"EmilyNews Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emilynews.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33","name":"Emilynews","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","caption":"Emilynews"},"url":"https:\/\/emilynews.com\/blog\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/51658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51658"}],"version-history":[{"count":1,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/51658\/revisions"}],"predecessor-version":[{"id":51661,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/51658\/revisions\/51661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/51660"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}