You are right, interest rate adjustments in general have had an impact on market growth. Of course, not only the crypto market, but the stock market and others have also had an impact. More positive issues are expected to support the next bull season, but we have seen bitcoin prices recovering over the past few days. Bitcoin was able to hold above $60k in the end, while September is usually a month that brings declines.
My optimism tends to be high in the next month, but signs of a bigger increase have been shown since now. A new ATH is certainly expected to come soon, maybe by the end of the year or maybe even next October. Who knows, market volatility is hard to predict and sometimes prices go against the existing trend.
One thing about bitcoin is the fact that it is mostly driven by the market sentiment of it and that’s why it’s price action goes in direction of this market, when the first news of the economy facing an incoming recession crisis the market sharply dump to a low. The market again changed its sentiment when the government announced a 0.5% cut of rates, this time around a small pump has happened and many are willing to get carried away with it with others even banging it’s bull market time for this.
Many investors are actually waiting for this Q4 of the year has it always been the best time for bitcoin market. I don’t expect to see a huge Change this year with the full bull run coming next year where I expect us to set a new all time high. So I am bullish on the bull run coming in full blown next year