Coinbase Bitcoin premium returns to positive, analysts are bullish at $130000 by the end of the year

According to BlockBeats, on August 5th, Coinbase's Bitcoin premium indicator returned to positive, indicating a rebound in domestic demand in the United States, further strengthening analysts' bullish sentiment towards the long-term price outlook of Bitcoin. Analysts from TeraHash, a Bitcoin revenue protocol, stated in an interview that if ETFs continue to receive capital inflows and the macro environment remains stable, Bitcoin may trade between $130000 and $150000 by the end of the year, but everything depends on the Federal Reserve's next decision, especially the highly anticipated September interest rate cut. '' The market generally believes that the Federal Reserve's interest rate cut will become a "booster rocket" for Bitcoin, as a lower interest rate environment is more favorable for risky assets such as cryptocurrencies and stocks. James Butterfill, the research director of CoinShares, stated that he expects the Federal Reserve to "sharply shift towards dovish" policies, which means a greater emphasis on economic growth rather than inflation control, typically achieved through lower interest rates to lower borrowing costs. Butterfill said, "The Federal Reserve is already in a passive state, overly sensitive to short-term inflation, and is likely to make a reflexive interest rate cut response; whether it will cut interest rates in September is still controversial, but the time will not be too far away