Bitcoin is experiencing a decline as investors anticipate the upcoming Federal Reserve's rate decision. Analysts remain optimistic, forecasting that Bitcoin could bounce back to $62,000 after the rate announcement.
Speculation about federal rate cuts has created uncertainty in the market, affecting Bitcoin's current performance. However, experts believe the decision could lead to a significant price increase.
The prediction is based on the assumption that reduced rates could boost investors' confidence, thereby driving up Bitcoin's value.
