What do you all think this rate cut means for Bitcoin? Could it finally flip this bearish trend to bullish? I really think it might help break the downtrend in crypto.
Could the Rate Cut Spark a Bitcoin Bounce?
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But what if the rate cut is already in the price? People are expecting it, so it might not do much. We could even see a dip short-term, I think the positive effects will show up later.
Bitcoin's not bearish though. Seriously, have you seen the fund flows into BTC lately? Just look at the ETF stuff and the recent seizure of Bitcoin by the US. They might add some to the national reserves, and that’s a big deal.
Yeah, but we’ve known a rate cut was coming for a while now. Today's data just confirmed it. Even if the data wasn’t great, I still think it’ll be positive long-term. Ask yourself, what happens after rate cuts usually?
The market’s really expecting big things from this rate cut. Gold already shot up after today’s CPI data. Hoping Bitcoin follows suit when the US markets are back at it.
nick.orbitFull Member
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#6Jun 7, 2024, 09:29 PM
I see the rate cut as a major factor for Bitcoin's price. When combined with the halving and ETF demands, it could shift things from bearish to bullish really quick.
You might be right. Historically, rate cuts push investors to riskier assets like Bitcoin. But with inflation still high, this could be different. I expect a short bounce but waiting for confirmation first.
I’ve been in this game long enough to know that when too many people are confident, it often backfires. Look at how everyone thought October would be great, but it’s been rough. Sure, rate cuts are coming, but market performance might disappoint.
Exactly! The market usually goes against the crowd. If too many are overly optimistic, that’s a recipe for trouble. I’m feeling a bit uneasy with all this blind optimism.
just_ravenNewbie
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#10Jun 12, 2024, 01:30 AM
True, but we can’t ignore that the rate cut effects might already be baked in. I believe in market cycles, and I’m not setting my expectations too high for this one.
October has a reputation for being good for Bitcoin. But this cycle feels different. Institutional players have really changed the game, and it’s not as predictable anymore.
Q4 is usually a big deal for Bitcoin, but this time feels off. The trade wars and economic issues in the US and China are heavy. Everyone had high hopes for October, and now we’re underwhelmed.
The shift in this cycle is affecting a lot of traders. Lots are waiting and selling everything for lower prices. One different move can wreck them fast.
Sold a bunch of copper to buy more BTC. DCA is my strategy. I don’t mind a sideways market as long as there’s an upward tilt.
noty0urkeysSenior Member
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#15Jun 17, 2024, 01:36 AM
Rate cuts are nice, but even with cuts, rates are still above the Fed's target. I'm not sure it'll really change the trend. Plus, the cut is pretty much priced in already.
Yup, until true targets are hit, cuts won’t really move the needle. It’s more about what’s next. People are expecting easing, but it might not come as soon as they think.
I’m not giving financial advice, but it seems wise to plan withdrawals to avoid being caught in a bear market. We've seen long bull runs, but they can't last forever.
bridge2016Newbie
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#18Jun 18, 2024, 08:32 PM
Economically, when rates drop, investments usually rise because fiat weakens. But everything depends on what investors do next. October has high hopes, but I’m not banking on it.
chris_maxiNewbie
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#19Jun 21, 2024, 04:14 AM
Crypto isn’t really in a downtrend now. Just a small dip from some bad news. If the rate cut happens, I can see BTC heading towards $120k.
True, Bitcoin’s trend is really affected by macro stuff these days. The cut is significant but won’t change everything overnight. Inflation is a big concern and might hold things back.