September Fed Rate Cut Odds Plunge to 43% — Is Bitcoin’s Next Bull Run on Shaky Ground or Ready to Explode?
“The setup increasingly resembles Q4 2023 – softening inflation, rising political volatility, and a Fed constrained by lagging indicators, which saw Bitcoin end the following year at $100K. The stage is set for a policy pivot. The only question is when.”
At press time, though, BTC bounced back 2% to $118.5K, but most altcoins didn’t follow suit ahead of inflation data (PCE Index).
Source: BTC/USDT, TradingView
According to Mena, if the $114K-$115K support cracks, then BTC could go lower to $110K.
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