BTC has rebounded significantly since the August low and is likely to experience a strong rise in September as markets speculate on a Fed rate cut. BTC has risen by about 40% since the August low and is approaching the resistance level near ATH. The Fed is expected to lower rates in September, which should have a positive impact on BTC through a decrease in the cost of credit and an increase in liquidity. Traders are closely monitoring the potential impact of these developments on BTC price movement.
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#Will BTC surge with the expected rate cut in September? .
BTC has rebounded significantly since the August low and is likely to experience a strong rise in September as markets speculate on a Fed rate cut. BTC has risen by about 40% since the August low and is approaching the resistance level near ATH. The Fed is expected to lower rates in September, which should have a positive impact on BTC through a decrease in the cost of credit and an increase in liquidity. Traders are closely monitoring the potential impact of these developments on BTC price movement.