FBS Analysts Predict Bitcoin Downturn Amidst Anticipation Of 2024 Federal Reserve Rate Cutby@financewire

FBS Analysts Predict Bitcoin Downturn Amidst Anticipation Of 2024 Federal Reserve Rate Cut

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FBS analysts project a looming downturn for Bitcoin as the market players await the upcoming Federal Reserve’s key rate cut in 2024. Market participants have observed a correlation between the Federal Reserve's key rate peaks and the decline of risk assets, including Bitcoin. FBS analysts anticipate a decline in Bitcoin's price towards the 36,000 USD target after the first Fed rate cut.
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