Bitcoin Poised for Massive Breakout as Fed Easing Odds Rise to 17 Percent
Markets are showing renewed confidence as they anticipate about 30 basis points of easing in the upcoming Federal Open Market Committee meeting on September 17. Analysts are divided on whether there will be a quarter-point cut as the base case or a larger 50 basis points adjustment. As these expectations rise, Bitcoin finds itself at a critical juncture. The cryptocurrency could be gearing up for a significant breakout toward its all-time high, especially if the Federal Reserve proceeds with these cuts. Investors are keeping a close eye on Bitcoin’s price movements, eagerly anticipating a push above key resistance levels. Will Bitcoin be able to rally against these backdrop developments?