“Bitcoin could reach new heights if the US Federal Reserve cuts interest rates, says analyst Timothy Peterson. Currently, the high-yield bond rate is 7.54%. Peterson suggests that if rates fall to 6-7%, Bitcoin could reach 7.54%. $100,000 by the end of 2024 or early 2025 📉 But other experts, including Scott Melker, warn that the rate cut is not necessarily favorable for the market. Bitcoin is now trading at $61,871, down 5.08% from a month ago."