The Fed has lowered the rate for the third time in a row
Overall, as everyone expected, we have seen a decrease in the key rate; however, as I mentioned, a decrease of 25 basis points will only lead to a slight increase, given that this was already factored into the market.
There was slight volatility on expectations, BTC hit the mark of 94.000$, but as a result, at the moment, we have returned back to the area of 90.000$.
Most likely, by the end of the year, we will not see strong movements, as everyone is slowly starting to prepare for the holidays and relax.
For now, I lean towards a sideways movement between 90.000$ - 94.000$ without any serious movements, but I still expect the development of a bullish scenario, which will likely occur only at the beginning of next year.
Overall, as everyone expected, we have seen a decrease in the key rate; however, as I mentioned, a decrease of 25 basis points will only lead to a slight increase, given that this was already factored into the market.
There was slight volatility on expectations, BTC hit the mark of 94.000$, but as a result, at the moment, we have returned back to the area of 90.000$.
Most likely, by the end of the year, we will not see strong movements, as everyone is slowly starting to prepare for the holidays and relax.
For now, I lean towards a sideways movement between 90.000$ - 94.000$ without any serious movements, but I still expect the development of a bullish scenario, which will likely occur only at the beginning of next year.