Analyst: The Federal Reserve's possible delay in cutting interest rates in 2025 could trigger a bear market
PANews reported on March 9th, according to Cointelegraph, internet economist Timothy Peterson warned that if the Federal Reserve delays interest rate cuts until 2025, it could lead to a broader market downturn and potentially drag Bitcoin back down to $70,000. According to his analytical model, Bitcoin could bottom out at $57,000 in the next bear market but he said this is unlikely because too many investors are "watching Bitcoin like vultures."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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