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Could the Fed's Rate Cut Signal a Bullish Turn for Bitcoin?

  • The Fed's rate cut signals a bullish turn for Bitcoin, benefiting from global easing and expected rate cuts by central banks worldwide.
  • Bitcoin's technical setup suggests a potential breakout from a six-month consolidation, with a possible challenge to the all-time high of $73k.
  • Despite a range-bound period, Bitcoin remained resilient above $50K, indicating a strong market.
  • Four key catalysts that could drive Bitcoin higher include Trump winning the U.S. Presidential Election, FTX payout to creditors, global rate cutting cycle, and option-trading on Bitcoin ETFs.

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