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Analysts Warn Bitcoin May Drop Despite Anticipated Fed Rate Cuts

Short-term declines expected as historical trends and market pressures weigh on cryptocurrency's September performance.

  • Bitcoin has surged by 32% since August lows but faces potential short-term decline.
  • Analysts predict a 15-20% drop in Bitcoin prices following expected rate cuts.
  • September has historically been a volatile month for Bitcoin, with average returns of -4.78%.
  • A weakening US dollar and economic slowdown add to Bitcoin's potential downward pressure.
  • Some experts see upcoming price drops as a buying opportunity for long-term gains.
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