Fed‘s interest rate decision and Powell’Heavily impressed by the statements of BitcoinToday is a big day in . Because the FED will announce its interest rate decision at 21:00 (UTC) (18:00 UTC), and Powell will speak at 21:30 (18:30 UTC).
At this point investors BTC’While we were wondering in which direction TL will move, a bullish report came from crypto service provider Matrixport.
According to Coindesk news Markus Thielen, head of research at Matrixport, He said BTC could reach $37,000 by the end of the year.
Comparing Bitcoin’s data from previous years with now, Thielen stated that the last quarter of the year was historically the strongest quarter in terms of BTC’s performance and BTCHe wrote that over the last nine years, it has generally achieved an average return of more than 35% in the last quarter.
“When we examine historical data on Bitcoin, we see that BTC has generally outperformed in the fourth quarter, returning an average of more than 35% over the last nine years.
If history repeats itself at this point, Bitcoin could reach $37,000 by the end of the year.
Also, if we look at the month of October, October appears to be a very strong month. “In seven of the last nine years, Bitcoin has delivered an average positive return of 20% in October.”
Apart from this historical data, the report BTC Another potential catalyst for SEC is spot Bitcoin ETFIt is stated that he will announce his decision on whether to approve or not in October.
*This is not investment advice.
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