Analysis: Bitcoin is expected to re-test the 120,000 dollar, the impact of the Federal Reserve's interest rate cut is still to be digested by the market
2025-09-19 19:57:10
Bitbank analysts noted that Bitcoin could absorb the impact and test the 120,000 dollar mark within a week after the Federal Reserve cut interest rates for the first time in nine months. According to the CME FedWatch tool, 92% of traders expect the Federal Reserve to cut rates again by 25 basis points in October; 72% of Myriad forecast market users share the same opinion. Despite the technical bullish outlook, the options market shows that traders are mainly selling premiums and setting a ceiling of 125,000 to $150,000, rather than making aggressive directional bets.
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