The latest research from Matrixport Research Institute shows that
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BTC Q4 market outlook is good, technical analysis shows that BTC is expected to break through consolidation
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It is not ruled out that the central bank may cut interest rates significantly in the next 12 months
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BTC is about to enter a period of monthly weakness, Trump may boost the crypto market
BTC Q4 market outlook is good, technical analysis shows that BTC is expected to break through consolidation
Currently in the middle of the third quarter, BTC is experiencing one of the most challenging quarters in its history. Coupled with the upcoming weak period, the challenging trading environment may continue for several weeks. However, BTC is expected to perform well in the fourth quarter.
From a technical perspective, BTC鈥檚 trading range is narrowing, indicating that it may soon break out of the consolidation period. Based on the Fed鈥檚 expectations of rate cuts and the fourth quarter鈥檚 positives, coupled with the potential boost from the results of the U.S. presidential election, it is not ruled out that BTC may break out in the coming weeks.
It is not ruled out that the central bank may cut interest rates significantly in the next 12 months
As expected, the Fed did not adjust interest rates. Fed Chairman Powell has said that if inflation develops as expected, it is likely that a rate cut will be decided at the September meeting. Our inflation model also predicts that CPI will gradually fall over the next 12 months. The Feds rate cuts may continue for several quarters, with a 25 basis point reduction at each meeting. This will provide liquidity and stimulus to risk assets such as BTC.
The difference between the current interest rate of 5.25% and the inflation rate of 3.0% reflects the restrictive interest rate policy of the Federal Reserve. This means that the central bank may cut interest rates significantly in the next 12 months.
BTC is about to enter a period of monthly weakness, Trump may boost the crypto market
Historically, returns tend to move sideways in August before weakening in September. This cyclical pattern can be attributed to several factors, including lower trading volumes during the summer holidays and market uncertainty as traders wait to see economic indicators and central bank policy decisions in the fall.
If Trump wins the election, the series of policies and actions he will take will likely boost the crypto asset market. His administration may take a more favorable regulatory stance toward crypto assets, thereby reducing regulatory uncertainty and promoting innovation.
上述部分观点来自Matrix on Target。 联系我们 获取Matrix on Target的完整报告。
免责声明:市场有风险,投资需谨慎。本文不构成投资建议。数字资产交易可能具有极大的风险和不稳定性。投资决策应在仔细考虑个人情况并咨询金融专业人士后做出。Matrixport 对基于本内容提供的信息做出的任何投资决策不承担任何责任。
This article is sourced from the internet: Matrixport Investment Research: Optimistic about BTC Q4 Market
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