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Bullish
10 Crucial Days Ahead ⏳ – Will Crypto Spark a Mega Altseason? 🚀
Bitcoin (BTC) leads the crypto market's consolidation period, therefore experts are eyeing the next 10 days for altcoin season and a possible market rebound.
The Bull Theory, a crypto research organization, believes this time might decide the destiny of “mega altseason” in Q4.
Global economic data may boost crypto prices.
This fresh projection for the crypto business is urgent because of recent Chinese economic statistics showing diminishing demand. Retail sales climbed 3.4% year-over-year, below the 3.9% projected.
Industrial output grew 5.2%, the smallest in a year, while urban unemployment surged 5.3%.
These data show that the world's second-largest economy is slowing, suggesting that QE may be the only option.
China has started infusing liquidity into its economy, and more might expand the global money supply. As markets anticipate a 25 basis point Fed rate drop on September 17, the US scenario becomes more complicated.
If Fed Chair Jerome Powell affirms this decrease and indicates more easing, The Bull Theory predicts a liquidity explosion. Historically, such actions have caused crypto and Bitcoin values to rise 5% to 10% within weeks.
Key Central Banks May Cut Rates
Other central banks, notably the BOE on September 18, will make important judgments in the coming days. If the BOE cuts rates, it would support coordinated global easing.
This might coincide with September 19 BOJ dovishness, which would lower the yen and increase dollar liquidity.
The business estimates that a coordinated global easing policy with Federal Reserve cutbacks, a dovish BOJ, and a supportive BOE would be the optimum macroeconomic scenario.
They say huge liquidity inflows might drive Bitcoin beyond $120,000, accelerate Ethereum exchange-traded fund inflows, and boost altcoin performance.
#FedRateCutExpectations #GoldHitsRecordHigh #StrategyBTCPurchase #AltcoinSeasonComing? #Write2Earn $BTC $ETH $XRP
Bitcoin (BTC) leads the crypto market's consolidation period, therefore experts are eyeing the next 10 days for altcoin season and a possible market rebound.
The Bull Theory, a crypto research organization, believes this time might decide the destiny of “mega altseason” in Q4.
Global economic data may boost crypto prices.
This fresh projection for the crypto business is urgent because of recent Chinese economic statistics showing diminishing demand. Retail sales climbed 3.4% year-over-year, below the 3.9% projected.
Industrial output grew 5.2%, the smallest in a year, while urban unemployment surged 5.3%.
These data show that the world's second-largest economy is slowing, suggesting that QE may be the only option.
China has started infusing liquidity into its economy, and more might expand the global money supply. As markets anticipate a 25 basis point Fed rate drop on September 17, the US scenario becomes more complicated.
If Fed Chair Jerome Powell affirms this decrease and indicates more easing, The Bull Theory predicts a liquidity explosion. Historically, such actions have caused crypto and Bitcoin values to rise 5% to 10% within weeks.
Key Central Banks May Cut Rates
Other central banks, notably the BOE on September 18, will make important judgments in the coming days. If the BOE cuts rates, it would support coordinated global easing.
This might coincide with September 19 BOJ dovishness, which would lower the yen and increase dollar liquidity.
The business estimates that a coordinated global easing policy with Federal Reserve cutbacks, a dovish BOJ, and a supportive BOE would be the optimum macroeconomic scenario.
They say huge liquidity inflows might drive Bitcoin beyond $120,000, accelerate Ethereum exchange-traded fund inflows, and boost altcoin performance.
#FedRateCutExpectations #GoldHitsRecordHigh #StrategyBTCPurchase #AltcoinSeasonComing? #Write2Earn $BTC $ETH $XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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