Fed Pivot Sparks Questions Around Bitcoin's Reaction Ahead of Halving

Fed officials signal rate hike pause, recalling early 2019 when similar backdrop saw bitcoin surge over 300%.

Recent dovish comments from Fed officials suggest tightening cycle may have ended with July's 25 bps rate hike.

Previous Fed tightening cycle ended Dec 2018, followed by 7-month pause. Bitcoin bottomed around then and rallied to $13,880 by June 2019.

Current pause comes months before Bitcoin's halving, just like in 2019, potentially bullish.

While Fed pivot to cuts could spark bitcoin weakness initially, depends on rationale (countering weakness vs inflation).