OrriginalCrypto on Nostr: So while we all wait to see what he DXY SUPPORT GROUP....err...sorry...THE FED say on ...

So while we all wait to see what he DXY SUPPORT GROUP....err...sorry...THE FED say on the 18th September about Rate Cuts in the USA, here is a chart I have been posting elsewhere since 22nd March 2022
This is the History of BTC PA and the Fed Rate Rises and as you can see, the Rates actually had little effect on BTC PA. It was the impact on other things because of Rates, that effected BTC PA...like LUNA and FTX. BTC still began its rise to current levels just after a 50 point raise and continued to rise despite further rate rises after that.
We have had nearly a year of 0 rises and look at BTC PA.
The Biggest effect has been the approval of the BTC ETF's
So, Will Rate Cuts effect BTC ?
Very likely but what we all need to remember here is that, traditionally, when the Fed pivots, Traditional Markets Fall..........
Will Bitcoin follow suit ?
It is foolish to say a definitive response to that. We just do not know, Bitcoin has NEVER been in this position.
But I am inclined to say PA will respond positively. That maybe a hope more than knowledge lol. If the traditioanal Markets fall, that money has to go somewhere and it will not be the $, Lower Rates gives less returns. GOLD is the traditional deposit. BTC may well tempt many..
I hope so
We will have to watch On chain and Traditional charts VERY closely on the lead up to and just after.