Bitcoin (BTC) has gone up by nearly 1% in the past 24 hours after the Federal Reserve cut interest rates for the third time this year.
After a brief hiccup in October prompted analysts to lower the odds of a cut this month, a strong jobs report in September was sufficient for a local bottom to set in, while economists reviewed their chances of a December cut upwards.
Despite their decision, the head of the U.S. central bank, Jerome Powell, emphasized that the road ahead is tougher as not all Fed governors agreed with this latest reduction.
Based on the institution’s dot plot, the Fed expects to cut rates only once in 2026 as it will adopt a “wait and see” approach to evaluate how the Trump administration’s hostile trade policies will impact prices down the road.
That said, Powell emphasized that nobody is advocating for a rate increase. Hence, the federal funds rate may stay where it is for a while, which favors a bullish BTC price prediction.
Bitcoin’s trading volumes stood relatively neutral following the news, currently sitting at $63 billion, accounting for just 3% of the token’s circulating market cap.
Powell’s “no rate increase” plus this cut could instill confidence among investors after weeks of extreme volatility and erratic price action. This could result in a short-term recovery for BTC, with a plausible first target set at $100,000 if positive momentum picks up its pace.
Bitcoin Price Prediction: BTC Eyes $100,000 as RSI Sends Buy Signal
The daily chart shows that BTC broke out of a descending price channel in the past two days. This could be an early signal that the market is ready to reverse the top crypto’s latest downtrend.
The next hurdle to overcome would be the 200-day exponential moving average (EMA). However, the most relevant resistance that BTC must break is the $100,000 level, as this is the pivotal area from a market structure standpoint.
If the price rises past this major psychological and technical threshold, BTC could fully recover in the next few weeks, meaning a 25% to 30% upside potential depending on the entry price.
The Relative Strength Index (RSI) has climbed above the 14-day moving average and has already moved above the mid-line as well. This is also an early buy signal and another indication that BTC is ready to move higher.
At this point, the odds favor an upcoming climb to $100,000. However, the token may consolidate after that and trade range-bound for what remains of the year until the next positive catalyst kicks in.
Today’s good news is also favorable to top crypto presales associated with BTC like Bitcoin Hyper ($HYPER). This project plans to launch a powerful Solana-based layer-two that could kickstart a new era for BTCFi in 2026.
Bitcoin Hyper ($HYPER) Gets Rid of Bitcoin’s Hurdles by Leveraging the Power of Solana
Bitcoin Hyper ($HYPER) will make Bitcoin-based apps faster and cheaper by allowing developers to tap into an efficient L2 that does not force investors to move their assets out of the OG blockchain.
Instead of relying on workarounds or fragmented tools, Bitcoin Hyper introduces solutions like the Hyper Bridge. This protocol is designed to safely receive BTC tokens in a designated wallet and mint the corresponding amount on the Hyper L2 with near instant finality.
Bitcoin Hyper tackles the network’s long-standing constraints by adding a high-performance layer that reduces latency and opens the door to future dApps, smart-contract capability, and broader Web3 integrations.
Once investors receive their assets on the Hyper L2, they can easily access yield-farming, staking, and lending apps to start generating passive income out of their BTC stash like never before.
To buy $HYPER at its discounted presale price, simply head to the Bitcoin Hyper official website and link up a compatible wallet.
Either swap USDT or SOL or use a bank card instead.
