hey everyone welcome back to the channel today we've got some huge news coming from the world of Bitcoin Goldman Sachs and a legendary crypto Trader Arthur Hayes who just flipped his prediction on where the Bitcoin price is headed so Bitcoin has had an interesting year the price almost doubled since the start of 2024 but lately it's lost its momentum what's causing the Slowdown well a lot of it boils down to concerns over the federal reserve's next move on interest rates Traders are on edge waiting to see if the FED will help or hurt the market Goldman Sachs analysts are warning that we could be in for a rough ride they're saying that this week's job report could spark a stock market crash if hiring numbers come in weaker than expected it could signal that the economy is slowing down leading to more uncertainty in both stock and crypto markets Scott rubner a managing director at Goldman Sachs pointed out that a weak payroll report this Friday could trigger a correction and his historically September has been a tough month for both stocks and Bitcoin so what's next for Bitcoin and how will the FED decision impact the market this Friday's job numbers are critical because they'll inform the fed's interest rate decision at their September 17th meeting many expect the FED to start cutting rates which could calm the markets but if the data is stronger than expected the FED might hold off which could spelled trouble for Bitcoin and other assets Let's Talk About Arthur Hayes the co-founder of bitmex and one of the most influential voices in crypto not too long ago haes predicted a massive Bitcoin Bull Run starting in September but recently he flipped his prediction in a blog post Hayes admitted that while he expected a flood of liquidity from the FED US Treasury in China that might not happen as quickly as he thought he's now saying Bitcoin could drop to 50,000 before we see any significant rebound and he's not the only one signaling caution bitfix analysts also issued a warning this week saying they could see Bitcoin dipping as low as 40,000 in the short term but there's still hope for Bitcoin according to Goldman Sachs the November election could act as a catalyst for risk assets like Bitcoin whether it's Trump or Harris that takes the White House a post-election rally could set the stage for a major recovery in the markets so what should we take away from all this with the fed's next meeting just around the corner and uncertain economic data ahead we could be in for more volatility but remember Bitcoins face challenges before and always bounce back keep an eye on the fed's decision and the upcoming payroll numbers as these will be key indicators for what happens next in the market don't forget to like subscribe comment this is the crypto realm play hard trade smart