However, there are calls that a 50 bps rate cut will actually be implemented.
Nevertheless, two insider whales have built a massive $3.7 million position on Polymarket that there will not be a 50 bps rate cut.
Well-known analyst Mario Nawfal stated that the third interest rate cut of the year might not be a positive sign.
Cutting rates three times in one year doesn’t happen unless something’s breaking… or about to break. Markets are hyped, politicians are spinning it as “relief,” but let’s be honest: rate cuts this aggressive, this fast, scream panic instead of victory, he stated.
Despite the concern, many Bitcoin supporters continue to frame rate cuts as bullish, but the charts suggest a very different story.
Bitcoin and Rate Cuts
While rate cuts are viewed as a positive thing, this has not been the case recently.
History will be on the side of gravity tomorrow. If we repeat the average drop (~8%), Bitcoin is due to revisit the $88k line of defence before any continuation up.
This could take it as high as $96,000, but a long-term breakout is unlikely.
Instead, once Bitcoin’s price falls below the channel’s midline, a massive decline below $80,000 is likely.
Will a Rate Cut Save Bitcoin?
A Fed rate cut may spark a brief relief rally, but history shows that Bitcoin has consistently dumped after recent FOMC decisions.
With bearish technicals, a corrective channel, and significant resistance at $94,000 – $96,000, BTC’s upside remains limited unless bulls can force a decisive breakout.
Unless Bitcoin closes above its resistance zone, the more likely scenario is another downturn, potentially revisiting levels below $80,000.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
