Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
Bitfinex suggested bitcoin could fall to as low as $40,000 in a bearish scenario.
A 25 basis point Federal Reserve cut would be positive for markets, but a higher 50 point move would signal growing concerns of a recession and a deeper correction for risk assets, Bitfinex said in a report.
A September price drop would present a buying opportunity with a seasonally strong period ahead,...