Bitcoin’s price is approaching a decisive moment as investors await the upcoming Federal Reserve decision on interest rates. Analysts see two possible corrective scenarios: a move down toward $104,000 or an extended drop closer to $92,000 before the next bullish reversal.
At the time of writing, Bitcoin trades around $115,527, posting modest daily gains. According to market strategists, a dip to the $104K level could serve as a healthy correction, flushing out weaker hands and paving the way for renewed momentum. A deeper pullback to $92K, linked to an unfilled CME gap, may trigger short-term bearish sentiment but could also establish a strong foundation for the next major rally.
Despite these potential corrections, long-term projections for Bitcoin remain bullish. Experts suggest that once consolidation clears, BTC could push toward fresh all-time highs, supported by strong fundamentals and investor confidence.
The upcoming Fed meeting is seen as a critical catalyst. Markets overwhelmingly expect a 25 basis point cut, with CME FedWatch assigning a 96.2% probability to this outcome. U.S. President Donald Trump has called for even larger cuts of 50 to 100 bps to stimulate growth, but the consensus still points to a modest reduction.
Historically, rate cuts have boosted liquidity in financial markets, often benefitting Bitcoin and other risk assets. While short-term volatility is likely, most analysts believe that a rate cut could accelerate Bitcoin’s next upward surge. Whether the correction bottoms at $104K or $92K, the broader bullish cycle remains intact, with expectations of BTC rallying to new highs in the months ahead.
