What’s Next for the Bitcoin (BTC) Price as Fed Rate-Cut Bets Rebound: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)
The new week isn’t kicking off on the brightest note. Bitcoin is already pulling back from its weekend bounce, slipping down to $86,000 from around $88,000. The CoinDesk 20 Index (CD20) is also feeling the chill, sliding to 2,758 points from its weekend high of 2,816.
BTC’s been on a tough four-week losing streak, marked by institutional capitulation. What’s next? Sharp sell-offs like this usually shake investor confidence, which doesn’t bounce back overnight. That makes a quick rally back to $100,000 or more by year-end pretty unlikely.
You can tell the mood from analysts’ comments, which mostly avoid clear directional views.
“In the short term, a rebound is…
