According to Rachael Lucas from BTC Markets, Bitcoin’s pullback from the $65,000 mark could further intensify after Fed Chairman Jerome Powell’s speech.
“Any hawkish tone from the Fed chairman could further dampen risk sentiment among investors and lower the price of Bitcoin,” she warned.
The head of the analytics department at SOFA.org, Augustine Fan, noted that the impact of Jerome Powell’s comments has already been taken into account by the market. The US jobs report may have a stronger impact on investor sentiment, and Bitcoin volatility will increase in early October, the expert believes.
He noted continued favorable prospects for the digital asset market in the fourth quarter due to a positive macroeconomic background and the continued dynamics of inflows into spot Bitcoin ETFs.
The first cryptocurrency should be expected to reach a new historical maximum only in the medium term, and perhaps only at the end of the year, analysts said.
Earlier, specialists from 10x Research reported that the first cryptocurrency could demonstrate a new all-time high in October due to the presence of two catalysts.
Source: Bits
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