Bitcoin Price Surge Predicted as Fed Considers Rate Cut

The Bitcoin market anticipates a significant price jump, potentially reaching $120,000, following the Federal Reserve’s anticipated rate cut decision. Key points highlight institutions holding over $117 billion in Bitcoin assets, with analysts predicting a near-certain 98.3% probability of a rate reduction according to CME FedWatch Tool. This anticipated move could trigger bullish trends and impact Bitcoin’s price trajectory towards the $120K mark.