19.09.2025 09:29

Following reports from internet sources, Bitcoin is showing signs of bullish momentum, successfully surpassing its volume-weighted average price (VWAP), a pattern reminiscent of the rebound observed in May after it dipped below $75,000 in April. Concurrently, the stock market is flourishing, attaining new record highs as investors process the implications of the Federal Reserve's recent interest rate cut.

Fueled by increasing liquidity, Bitcoin is targeting a price of $118,000, hinting at potential volatility in the near future, according to various analyses found across the internet. The consolidation of daily gains above critical resistance levels, as reported by Cointelegraph Markets Pro and TradingView, suggests a positive trajectory for Bitcoin, potentially paving the way for new all-time highs.

The Kobeissi Letter noted that, historically, when the Federal Reserve initiates rate cuts near record highs in the S&P 500, the index has experienced an average increase of 14% over the subsequent 12 months. Meanwhile, gold prices exhibited heightened volatility after surpassing their own record highs, with the $3,700 level becoming a key point of interest. Bitcoin bulls are currently striving to establish $117,000 as a firm support level, setting their sights on breaking through the remaining resistance before entering uncharted price territory.