Bitcoin’s future and the impact of the Federal Reserve's decisions on the market were the focus of a recent discussion, as experts considered whether Bitcoin's value could dip below key levels.

The conversation explored the potential for a parabolic rise, even amid uncertainty surrounding interest rates and broader economic conditions.

Roundtable anchor Rob Nelson led the conversation, joined by David Gokhshtein, CEO of Gokhshtein Media, and John Divine, Head of OTC Trading at BlockFills.

Gokhshtein emphasized that market exhaustion and anticipation of upcoming Fed rate cuts are major factors impacting Bitcoin's price "I think the market is waiting for that, and I think once the Fed announces, whether they're doing 0.25 or 0.50, I think we'll see Bitcoin start moving in the right direction."

Rob Nelson added his perspective, saying, "I will stand by my thing that I don’t think we fall below ($40,000) but I could be wrong." He questioned whether the Fed would cut interest rates in September, highlighting the uncertainty surrounding the timing of such decisions.

As of Monday, the CME Fed Watch tool showed traders pricing in a 70% chance of a .25-basis point cut, and a 30% chance of a .50-basis point cut.

John Divine offered a broader economic view, predicting that rate cuts are inevitable. "I think they’re definitely going to cut interest rates," Divine said. He pointed out the underlying issue with bank balance sheets, stating, "The only relief is to increase the price of a bond, which is to cut the interest rate." Divine noted that the Fed's focus on unemployment and inflation is complicated by the growing strain on banks due to rising interest rates.

The Fed's policy decision is set for September 18.