Bitcoin blasts off after Fed rate cuts

Bitcoin just shot up to $117,000 after the Fed cut rates by 25 basis points on September 17. It's the first time they've lowered rates since December 2024, and this has definitely brought some liquidity to the market, with Bitcoin leading the charge as always. Right now, Bitcoin's sitting at $117,299, which is a rise of 1.76% from the last close. During the day, it hit a high of $117,935 and a low of $115,436. This whole rally has got people talking about whether Bitcoin can break through that $120,000 barrier, and some analysts are even saying the upward trend could keep going. So what do you guys think? Is Bitcoin gonna keep this momentum going?

The price is sideways for quite some time now, it needs to move up.

I believe yes. Most people were worried about bitcoin dropping with institutional news happen in each country but particularly in the US. But we can see now that bitcoin can withstand anything and at this point there could be new aths with how bitcoin continues to play at around $120k.

Well it did move up to $17,500 or even higher after the news of the Fed cut isn't it? But still though, it's not enough for now as our next target should be $120k. So for now, the market might have reach it's peak already. So what we can do is just wait and see if thing have settled down already. If not then there could be chances that we might go up a bit. And there are also speculators that says that this news has already price-in. So there are a lot of analysis going on right now, but we don't know what will be the flow until we crossed the bridge. Even if we look at the TA and the 50 day moving average, it's not a certainty that the price is strong or if there is a push to $120k. The only thing we can do is take advantage, and continue to stack up sats.

I was farting quite a lot that day, so did Bitcoin price surge because of my farts? Liquidity is not injected all at once; too little time has passed to say that the tiny increase was due to the injection. If, instead of thinking about the next day, we think about the next few months, and if the two additional declines expected for this year occur, then most likely yes.

Seems it will hit $120k again for real this time. The interest cut is good for bitcoin but there's one other thing. It seems the possibility of recession is increasing and people are trying to hoard gold and possibly bitcoin as reflected from the price of both asset. I wouldn't be surprised if we see $120k just next month, after all people are trying to find hedge against inflation.

We’ve retraced nearly the whole move now, back to where we started. Stocks continue to rise but Bitcoin is being suppressed it seems. Hopefully the shackles come off & we go up soon but it’s all very weak at the moment.

This thread does not suit here and must be moved to the speculation board where price of bitcoin is deliberated. (Speculates)

Just a minor growth happened to the Bitcoin. People are not yet massively selling their bounds to jump in another commodity such as Bitcoin. yet there is chance for people to borrow more money cheaply or selling their bond with less attractive rates to jump in Bitcoin. Not for short-term, but long-term. Never expect instant effect to happen after the cut rate. It was definitely a good news, but it does nothing for Bitcoin at this moment. Kindly wait until investors move their money to the BTC.

Welcome to the Bitcoin market. If you hang around enough and watch the charts (historical mostly) you will learn that a 1-2% change in the price is considered a normal fluctuation (in fact anything below 10% or at least 5% is like that) and is not called a "surge" nor does dropping that much is a crash. A surge that is worthy of discussing would be going up at least 20% or at the very least a discussion worthy rise is if price breaks a major resistance ($120k or $130k resistance). $117k is nothing!

Just saying don't get confused, this move was driven entirely by easy policy and ETF flows and a weak dollar, no permanent fairy dust here. I never like technical analysis for Bitcoin however it seems most of you do, yes the technicals show 117k as a real resistance level, convert that to support then 120k is possible, if that fails we could see 115k or lower 112.5k. Also keep in mind some outlets only showed a muted reaction as the market was cautious, so if macro data or Powell's tone turns upside down again this rally could stall. Continuation is ultimate fact but volatility should be respected. And if you are a HODLer remember we never confuse a rate cut pop with a sure breakout.

No one can predict Bitcoin’s price trajectory with certainty, but rallies like this usually attract a lot of speculation. Breaking past the $120,000 mark will depend on several factors like market liquidity, macroeconomic conditions, regulatory developments, and overall investor sentiment. I will put it simple, bitcoin could either continue upward or retrace downwards, therefore a wise decision is to stay cautious and manage risk considering how quickly sentiment can shift.

Good point, for quite sometime now this has been the case, swinging around 115k -116k and recently touching 117k cannot be considered a surge. It needs to go above 120k before we can say comfortably that there's an a upward price correction and if it moves above $124k, then we're on our way to a new ATH. It has not really reacted positively to the Fed cuts, at least not as at now.

Looks like at the moment that it didn't. But if you're thinking long term, there is nothing to worry about its current price. Not yet for now but it will come after maybe several weeks or months. I think that it will happen before this year ends. Usually, this is how bitcoin react whenever there are important events like cutting rate. It doesn't reaction on real time but afterwards.

There was a positive momentum, but we're back where we started. I think a small pullback, even a 0.25% interest rate cut, would still be effective, but it's a small interest rate cut. If interest rates continue to drop until the end of the year, or even if they drop by more than 0.25%, that would be quite positive for Bitcoin. If you're thinking about Bitcoin long-term, you don't need to worry about interest rates anyway.