Bitcoin bulls are buoyed by the prospect of potential Fed rate cuts, as speculation surrounding a possible move intensifies. The cryptocurrency is currently trading near $112,200 with support above $107,300. The upper boundary of the triangle sits just below $117,200 and has acted as a resistance point for recent weeks. A clean breakout could take Bitcoin towards $123,700, with Fibonacci extensions pointing to $133,800 and even $150,000 in the longer term. Momentum indicators are gradually aligning with this setup, suggesting that a bullish resolution may unfold before year-end. Adding fuel to the fire, former President Donald Trump has called on the Fed to slash rates by a full percentage point at its next meeting, criticizing Jerome Powell for his slow response to unemployment and job growth concerns. While markets still anticipate a smaller 25-basis-point move, Trump’s demand for multiple cuts has injected fresh uncertainty into the policy outlook. This volatility could ironically act as a tailwind for Bitcoin. Investors are positioning themselves around the possibility of looser monetary conditions, while corporate activity is bolstering the bullish case. For example, Metaplanet, a Tokyo-based firm, plans to allocate $1.4 billion from its recent capital raise into Bitcoin, following a strategy reminiscent of MicroStrategy’s approach. The triangle formation remains the dominant chart signal. A decisive move above resistance could open doors to fresh all-time highs, while failure to break through may lead to short-term consolidation. Ultimately, the mix of technical and macroeconomic catalysts suggests the next significant shift might not be far off. The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com is not affiliated with any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.