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The Federal Reserve meeting may trigger a significant surge in Bitcoin, with analysts targeting prices above $92,000.
Analysts predict that this week’s Federal Reserve meeting could become a key catalyst for a new round of Bitcoin gains. After Bitcoin broke above $92,000 on Monday, London Crypto Club analysts David Brickell and Chris Mills noted in a report that the Fed may inject more liquidity into the banking system on Wednesday, thereby boosting risk assets, including Bitcoin.
The two analysts predict that the Fed will adopt a more dovish policy stance and expand its balance sheet through an implicit bond-buying program. They believe that, with interest rate cuts combined with liquidity expansion, “the money printer is restarting,” which will provide a strong structural boost for Bitcoin. They expect that in this policy environment, Bitcoin prices are likely to “rise significantly,” breaking out of the current range and heading for higher levels.
BTC3.12%
