From TokenPost · · 40s
Nexo Flags Fed Meeting and Treasury Yields as Bitcoin Q4 Drivers
Nexo predicts Bitcoin could rise 42.7% by Q4 as Fed holds rates and Treasury yields stabilize.
In brief
Nexo predicts Bitcoin could rise 42.7% by Q4 as Fed holds rates and Treasury yields stabilize. Nexo forecasts Bitcoin to reach $83,570 by Q4 if Federal Reserve maintains rates and long-term Treasury yields stabilize. Originally reported by TokenPost.
Nexo's Bitcoin Outlook
Nexo's Oct. 21 outlook centers Bitcoin's Q4 setup around Federal Reserve policy, inflation and long-term Treasury yields.
Bitcoin Price Projection
Bitcoin is projected to rise 42.7% from $58,544 to $83,570 in Q3 following three consecutive quarterly declines.
Key Economic Indicators
September's CPI rose 3.7% annually while core inflation climbed 2.6% with Fed raising rates to 3.75%-4.00% on Sept 16.
The one thing
Nexo forecasts Bitcoin to reach $83,570 by Q4 if Federal Reserve maintains rates and long-term Treasury yields stabilize.
