AI predicts Bitcoin price ahead of interest rate decision meeting

AI models are predicting the price of Bitcoin ahead of the Federal Reserve interest rate decision meeting on July 31. The models indicate both bullish and bearish scenarios for Bitcoin’s price. The bullish forecast predicts Bitcoin exceeding $75,000 by the end of 2024, leading to a total cryptocurrency market capitalization of around $2.8 trillion. On the other hand, the bearish scenario suggests a pullback to around $60,000 if the Fed delays rate cuts beyond market expectations. Additionally, other AI models have similar price predictions, with a range of $75,000 to $80,000 for the bullish scenario and $60,000 to $65,000 for the bearish scenario. The FOMC will hold three more meetings after July, and the market expects further rate cuts in those meetings. It should be noted that these predictions may already be factored into the market, and any deviation could have a significant impact. This information is for informational purposes only and should not be considered investment advice.