Bitcoin is at $116,600 after dipping to $114,700 and rebounding quickly after the first rate cut of 2025. The Fed reduced its benchmark rate by 25 basis points, bringing the target range down to 4.00%–4.25%, citing slowing job growth and rising economic risks.
Chair Jerome Powell described the move as necessary but cautious, leaving the door open for further cuts this year.
Markets quickly interpreted the Fed’s softer stance as a positive for risk assets. With lower returns on traditional safe havens like bonds, cheaper rates make non-yielding assets like Bitcoin more attractive.
BTC is back above $117,000 as institutional inflows offset equity volatility and Bitcoin is becoming a hedge in uncertain times. FOMC member Stephen Miran dissented and wanted a 50 bps cut, showing the divisions on how to respond to slowing momentum.
Mining Sector Faces Structural Shifts
While Bitcoin’s price outlook is strengthening, the mining industry faces longer-term uncertainty. Bit Digital CEO Sam Tabar warned that most private miners may struggle to remain profitable after the next halving. He argued that sovereign states—able to access cheap or even free electricity—could take over mining dominance within a few years.
Bit Digital has already scaled back operations in the U.S., Canada, and Iceland to focus resources on Ethereum-related opportunities. Should governments expand into mining, the competitive landscape may change fundamentally, shifting power away from private operators and toward state-backed entities.
Key industry points:
Halving risks squeezing miner profitability. States with low-cost energy could expand into mining. Some firms are diversifying away from Bitcoin production.Market Outlook and Technical Setup
Institutional demand is the driver. On-chain data shows fewer new wallets are being created, retail is cautious but ETF inflows and fund allocations are supporting higher prices. As long as Bitcoin is above $117,000 the $120,000-$125,000 range is in play in the near term. Below $112,500 would erode the bullish momentum.
Bitcoin Price Chart – Source: TradingviewFrom a technical perspective Bitcoin is in an ascending channel since early September. The 50-SMA ($115,900) is acting as support above the 200-SMA ($113,300) and the structure is constructive. The candles at $117,900 were spinning tops and shooting stars, supply overhead.
Still, dip-buying has emerged along trend support, with bullish engulfing candles signaling buyers are active at key levels.
Immediate levels to watch:
Resistance: $117,980, then $119,300–$120,300 Support: $115,750, then $114,400 and $113,300Bitcoin Trade idea:
Consider a starter long near $116,000–$116,100 if Bitcoin holds above the 50-SMA and confirms strength with a green close. A protective stop below $115,750 limits risk, with targets at $117,980 and potentially $120,000 if momentum extends. If $115,750 breaks on a close, the setup invalidates, shifting focus to $114,400 and the 200-SMA.
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Click Here to Participate in the PresaleThe post Bitcoin Price Prediction: Wall Street Money Floods In After Fed Cut – $200,000 Could Be Just Weeks Away appeared first on Cryptonews.
