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Bitcoin price may experience a significant surge in the first quarter of 2024, according to investor Bill Ackman. Ackman predicts that the Federal Reserve will change its stance on interest rates, transitioning from rate hikes to rate reductions. This shift in monetary policy could stimulate economic growth and make borrowing cheaper for businesses and individuals. As a result, lower interest rates may lead to increased demand for Bitcoin as investors seek higher yields in riskier assets. Historical data shows that whenever interest rates have declined in the past, Bitcoin price has seen a notable increase. Additionally, the influx of liquidity into the market due to lower interest rates could result in speculative investments in Bitcoin, potentially driving up its price. However, Bitcoin price currently faces resistance near $38,500, and breaking above this level is crucial for a potential explosive rally in Q1 2024. If Ackman’s prediction does not materialize, Bitcoin price could drop to support levels near $36,380 and even test the 50-day EMA support near $34,500.