#BTCPrediction

Trade Btc now . . bull Run confirmed❤❤❤❤$BTC

𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣 𝘼𝙨 𝙎𝙚𝙥𝙩𝙚𝙢𝙗𝙚𝙧 𝙍𝙖𝙩𝙚 𝘾𝙪𝙩 𝙊𝙙𝙙𝙨 𝙎𝙤𝙖𝙧 𝙩𝙤 87% – 𝘼𝙣𝙖𝙡𝙮𝙨𝙩𝙨 𝙀𝙮𝙚 $124𝙆 𝙉𝙚𝙭𝙩?

Bitcoin price has opened the week trading at $114,505 today, August 4. BTC did not leave much of a CME gap over the weekend to be filled, meaning there is room for the price to recover. Analysts believe that the price might reach resistance soon and possibly break out to $124,000 as odds for the Federal Reserve trimming interest rates in September surge.

The odds of the Fed trimming rates next month are soaring. Data from the CME Fedwatch shows that 87% of investors are of the belief that a 25-basis-point cut will happen. If this does happen, the new interest rate will be between 4% to 4.25%.

The last time the Fed reduced rates was in December 2024. When the rates are reduced, the risk appetite among investors increases. The dollar drops, but investors usually take it as a green light that the economy is faring well.

Therefore, the Bitcoin price might record a good rally in September. The rally might start earlier in the days leading up to the meeting on September 17. This is because traders usually frontrun such events such that by the time they happen, it is already priced in.

Hence, even if BTC price is down right now, it might just be a temporary pullback. Analysts seem to share this belief, with speculations of how much further the king coin is going to surge

In short, the next six weeks could be quite eventful for Bitcoin. If the Fed follows through with the rate cut that many are betting on, it would not be a stretch to see Bitcoin push toward the $124,000 mark.