š Bitcoin down 12%, Ethereum down 13% last month! Will the crypto market rebound? š¤ How does Federal Reserve policy impact? š° Come on, take a look at the following#Bitcoinand#Ethereumprice analysis! š
- Bitcoin struggles above $25,400 support, down 12% this month. If it breaks, it could return to the lowest level in June 2023.
- Ethereum also fell 13%, struggling above $1,600 support.
- Bitget's Gracy Chen: The next move is influenced by the Federal Reserve's interest rate adjustment on September 19-20.
- This week's CPI also has the potential to influence interest rate decisions.
Bitcoin Price Analysis:
- Down almost 20% from 2023 peak.
- Traders await the Federal Reserve's interest rate adjustment on September 21.
- Gracy Chen Prediction: BTC could return to the low of $24,800, then rebound to the levels of $27,500, $28,000, and $29,000.
Ethereum Price Analysis:
- Down 21% from mid-August peak.
- Struggling above $1,600 support.
- Gracy Chen: Ethereum offers better value than Bitcoin in the long term.
What are your predictions? š Discuss in the comments column! š¬#cryptonews#marketanalysis