Source: Coindesk.com
A 25 basis point Federal Reserve cut would be positive for markets, but a higher 50 point move would signal growing concerns of a recession and a deeper correction for risk assets, Bitfinex said in a report. A September price drop would present a buying opportunity with a seasonally strong period ahead, K33 said.
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The post "Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts" appeared first here Coindesk.com.
Source: Coindesk.com
