đKEY TO BTC BULLISH : US INTEREST RATE CUT!!
But why hasnât it gone down yet? đ€
The key for BTC to rise in 2025 and reach a new ATH is a Fed Rate / interest rate cut.
But Interest Rates Havenât Dropped YetâWhy?
Let me explain in simple words so youâll get it.
đïžPowell said The Fed is taking a âwait-and-seeâ approach because the latest inflation data such as CPI and PPI releases still donât show significant improvement.
This is the main reason The Fed is holding rates.
đThe Trump administration has criticized and pressured Jerome Powell many times, but Powell stood firm and kept interest rates at 4.25%.
The Fed works independently, so the President canât fire him.
đ©On August 22, Jerome Powell will attend the Jackson Hole Symposium.
This is an annual event that brings together central bank governors, finance ministers, top economists, academics, and market participants.
The focus is on big issues in monetary policy, financial stability, inflation, and economic growth.
So this symposium has a huge impact on the market.
Itâs a highly anticipated moment for all market players,
as theyâre looking for clues about The Fedâs policy on interest rates.
â
My personal opinion about this:
Objectively speaking,
looking at Powellâs very prudent and cautious character,
and also last weekâs CPI and PPI data,
it seems likely Powell will keep rates at 4.25% - 4.5%.
I donât think Powell will dare to cut rates in September.
âïžBTC will probably keep moving sideways until the end of the yearâonly 4 months leftâ
and it might be tough to reach the $140â150k level this year.
What do you think guys...
Let me know your thoughts on the comments
#PowellSpeech #PowellWatch #BTC #bullish
