Bitcoin is predicted to fall to $ 40,000

Analysts warn that bitcoin could lose up to 20% of its value and drop to $ 40,000. The reason for the possible decline is the US Federal Reserve’s interest rate cuts and the traditional market weakness in September.

Interest rate cuts usually stimulate markets, but the situation may be different for bitcoin. Analysts point out that changes in macroeconomic policy could lead to a short-term decline in the value of the cryptocurrency. This is because investors often withdraw funds from risky assets amid economic uncertainty.

However, experts also note that September is a weak month for the crypto market. Historically, bitcoin prices often fall during this period, which can lead to a drop of up to $ 40,000. However, some analysts see this as an opportunity for profitable purchases. The fall in September may be a good time for those who plan to buy cryptocurrency at a lower price before a possible rise in the future.

Despite the possibility of short-term losses, the long-term outlook for bitcoin remains positive. Analysts believe that after the September fluctuations, the cryptocurrency may return to growth in 2024. One of the factors that may support the bitcoin rate is the prospect of further easing of the Federal Reserve’s financial policy. In addition, the introduction of new technologies and increased adoption of cryptocurrencies may contribute to the recovery of the rate. Thus, the current decline may be temporary, and September is a great opportunity for investors who believe in the long-term potential of bitcoin.