Summary
- "It was reported that the possibility of a July rate cut by the Fed has been mentioned."
- "It was stated that there is a higher likelihood for Bitcoin to perform strongly in Q4 rather than Q3."
- "The average Bitcoin return from June to September has been around 1%, with expectations of a strong rally in Q4."
With the Fed hinting at a possible rate cut in July, analysis suggests that the currently weak Bitcoin (BTC) price is likely to see strength not in Q3 but in Q4.
On the 21st (local time), Cointelegraph reported, "Fed board member Christopher Waller said in a CNBC interview the previous day that a rate cut could come as early as July. While expectations are rising for a Bitcoin rebound in the third quarter if a rate cut materializes, the seasonal trend points to a stronger bullish potential in the fourth quarter."
The outlet cited analysis by Bitcoin network economist Timothy Peterson, stating, "Over the past decade, the average return from June to September has been around 1%, so with Bitcoin holding the $100,000 line, there is a high chance this will lead to a strong rally in Q4."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
