The Bitcoin price has surged significantly following the US Federal Reserve's 50 basis points (bps) interest rate cut. This rally has fueled optimism among investors and traders in the cryptocurrency market.
However, some projections indicate that this price rally might be short-lived. Crypto analyst CrediBULL Crypto has predicted a potential price drop for Bitcoin, suggesting it could fall to as low as $49,000.
Investors are advised to remain cautious and stay informed about market trends.
