Analysis: ”Possibility of Bitcoin Rally” due to US monetary policy easing such as FRB ”Big Cut”

An analysis has emerged that the easing of US monetary policy has enabled Bitcoin to achieve further growth.
Citing data from the National Financial Conditions Index (NFCI), CoinDesk said:
The figure was negative at -0.56 as of Sept. 13 (local time), which means monetary policy is looser than usual, he explained.
He added that "This is the first time that the NFCI has reached this level since November 2021, when Bitcoin hit its all-time high," and that "speculative cryptocurrencies, including Bitcoin,
In relation to this, Pezau, the host of the cryptocurrency podcast Forward Guide, also commented, "Monetary policy easing will have a major impact on risk assets.
"This often works in our favor," he said. "Over the past 12 months, monetary conditions have eased, allowing Bitcoin to reach an all-time high in March."
However, CoinDesk noted that "the relationship between the NFCI index and the price of Bitcoin is unclear" and that "the price of Bitcoin is not subject to a dollar index."
"Other factors, such as the number (DXY), also have an impact," he added.