After Fed Chair Jerome Powell indicated potential rate cuts in September, Bitcoin's price experienced significant growth, reaching $64,000 and surpassing the critical supply zone of $59,000-$62,000.
Analysts predict further upward momentum, pushing Bitcoin's price towards $70,000 and potentially setting a new all-time high. However, they also anticipate a period of consolidation in the coming weeks before the rally continues.
This forecast is contingent on market factors and economic indicators, particularly associated with the Federal Reserve's policies and broader financial climate.
