Here’s what next for Bitcoin after the Fed’s rate cut

As Bitcoin ( BTC ) attempts to hold the $115,000 support, an analyst has noted that the asset is facing a pivotal scenario likely to influence its price trajectory following the anticipated Federal Reserve rate ￰0￱ analysis by TradingShot was based on Bitcoin’s four-hour chart, where a golden cross has formed as the 50-period moving average ( MA50 ) crossed above the 200-period moving average (MA200), a bullish signal often marking the start of ￰1￱ price analysis chart.) of $114,626 and well above the 200-day SMA of $103,071, a setup that supports the broader bullish trend. Meanwhile, the 14-day relative strength index ( RSI ) at 56.98 signals balanced momentum, suggesting the market still has room to extend gains without immediate risk of ￰2￱ image via Shutterstock