We can expect Bitcoin to regain its momentum due to interest rate cuts. Investors are eager to regain confidence. I applaud the reduction of 0.50 percent. In this regard, I must say that the Fed has taken a good decision. In the meantime, its positive impact has started to fall on the market. Currently Bitcoin price is hovering above $63,000 and we will easily see it go to $65,000. We are almost at the last week of this month. If it continues like this, maybe it will move towards $70,000. I don't expect that desired bullish movement in Bitcoin in September but that kind of journey could start from this position. There will be various campaigns in the market around the upcoming November election, some will play the market with Trump and some with Harris.
I am sure that when the election happens and goes away, we can finally start moving, I always trust that notion. I know that some people will connect that to elections itself, but who wins will be irrelevant, no matter who wins, people are waiting for the president to be decided before they start making decisions and when they do that I am pretty sure that we are going to see this happen and we are going to end up with some profits because the bull run will start.
This is something that I think it will take some time but it is going to be fine, I think it's clear that we are going to see this growth overtime and when it's done, it will be better. For September, it looks like we are going to probably be stable after this point, doesn't seem like anything is moving.