Bitcoin's Potential Surge Before Fed Rate Decision

#MarketSentimentToday #Market_Update #MarketForecast

#BitcoinHalvingTrends #FedPolicy

Bitcoin recently tested the $53K support level and is now in a correction phase.

Analysts expect BTC to trade between $53K and $61K before the Fed's rate decision on September 18.

A potential rate cut may cause short-term market drops but is seen as bullish in the long term. It's crucial for Bitcoin to hold above the $50K mark to ensure recovery after the market dip.

If it fails, prices could dip to $47K or even $42K, though a quick rebound is anticipated.