Bitcoin's outlook improves as traders price in a Fed pause
Bitcoin rose to a strong quarterly gain as seasonal trends and expectations for steady Fed rates supported the bullish case.
Key takeaways
- More than 75% of market participants expect the Fed to hold rates steady in October.
- Citi analyst Alex Saunders raised his bitcoin base-case forecast to $113,000 from $82,000.
Bitcoin was near $85,000 on Friday after rising 43% in its strongest quarter since 2024. As of Saturday, it traded at $84,838, down 2.23% over the prior 24 hours.
Fundstrat digital-assets head Sean Farrell said seasonal trends and recent shifts in the setup pointed in a bullish direction. He noted October has historically been crypto’s strongest month by median and average returns, with about an 80% win rate.
More than 75% of market participants expect the Federal Reserve to hold rates steady at its October meeting. Farrell warned that stress in sovereign bonds and credit could still trigger a short-term crypto pullback. Separately, Citi analyst Alex Saunders raised his base-case bitcoin forecast to $113,000 from $82,000.
This article was produced with the help of AI technology. Source: Yahoo Finance
