Bitfinex analysts have warned that the Federal Reserve’s September policy decision could negatively impact Bitcoin’s price. They predict that Bitcoin could fall by 20% if interest rates fall. If the Fed cuts rates by 25 basis points, the market would likely adjust more quickly, but a 50 basis point cut could trigger a temporary 8% rally followed by a sharp price correction. The analysts expect Bitcoin to be around $60,000 before the rate cut, with the floor price between $40,000 and $50,000. They also point to September’s historical volatility, which has typically resulted in a negative return of 4.78% for Bitcoin. However, Bitfinex analysts are bullish on Bitcoin in the long term and believe that this volatility brings both opportunities and risks to traders.
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