Global Markets Anticipate Key Monetary Policy Decisions, Bitcoin Q4 Forecast Bullish
Financial markets worldwide are on edge as they await key monetary policy decisions from the United States, Switzerland, the United Kingdom, and Japan this week. Market participants have adopted a watchful approach in anticipation of these significant announcements.
The U.S. Federal Reserve's rate decision is due today, while the Bank of England is set to disclose its rate decision on Thursday. Switzerland's rate decision is also expected on Thursday, with Japan following on Friday.
In the cryptocurrency sector, despite a bearish outlook based on technical analysis for Bitcoin, analysts from Matrixport, a cryptocurrency services platform, predict a bullish turn for the fourth quarter. This forecast aligns with historical trends that have shown the final quarter to be Bitcoin's most potent period. Over the past nine years, Bitcoin has averaged a return of +35% in Q4.
Matrixport's analysis suggests that if these historical patterns persist, Bitcoin could potentially conclude the year at around $37,000. However, this projection should be approached with caution as market conditions can fluctuate swiftly.
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