Fed Rate Cut Boosts Crypto Market, But $BTC Stays Cautious
The Fed’s 25bps rate cut on September 16 gave crypto markets a lift, but Bitcoin’s move was surprisingly modest—edging just 1% higher to $117,783. Unlike past rate-cut rallies, BTC is consolidating, while altcoins show stronger relative momentum. Analysts, however, remain firm on $125K targets.
Markets had already fully priced in this cut, but with the Fed signaling two more in 2025, the macro backdrop looks increasingly favorable. Lower borrowing costs, a weaker dollar, and institutional accumulation (now over 1.5M BTC in treasuries) strengthen the long-term case for crypto.
Trading Setup
Key resistance: $118K–$120K
Watch for breakout confirmation above resistance
Accumulate on dips during consolidation phases
