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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/17/2025

Bitcoin Surpasses $117,000 as Markets Await the Fed's Rate Cut Decision

On September 17, Bitcoin (BTC) climbed above $117,000 — its highest level in four weeks — as global investors turned their attention to the Federal Reserve's FOMC meeting and the subsequent remarks from Chair Jerome Powell. The probability of a rate cut is nearly certain According to CME Group's FedWatch tool, the likelihood of the Fed cutting rates at this meeting stands at 100%, with: * 96% favoring a 25 basis point cut, * 4% expecting a more aggressive 50 basis point cut. The de

Bitcoin Surpasses $117,000 as Markets Await the Fed's Rate Cut Decision

On September 17, Bitcoin (BTC) climbed above $117,000 — its highest level in four weeks — as global investors turned their attention to the Federal Reserve's FOMC meeting and the subsequent remarks from Chair Jerome Powell.

The Probability of a Rate Cut Is Nearly Certain

According to CME Group's FedWatch tool, the likelihood of the Fed cutting rates at this FOMC meeting stands at 100%, with:

  • 96% favoring a 25 basis point cut,
  • 4% expecting a more aggressive 50 basis point cut.

Decentralized prediction markets like Polymarket reflect the same expectations, with 93% of bets placed on a 25 basis point cut. This signals that investors have already almost fully priced in a rate cut scenario.

$118,000 — The Gateway to New All-Time Highs

On the technical chart, the $118,000 zone has emerged as a key resistance level for Bitcoin. Many analysts note:

  • If price breaks above and holds $118,000, BTC could continue toward $120,000 and even challenge the all-time high of $124,500.
  • On the other hand, if buying pressure falls short, BTC may pull back to support zones at $116,800–$114,500, or even retreat to $112,000, which coincides with the 100-day moving average.

Markets Are Watching for Signals from Powell

The key focus now is the message Fed Chair Jerome Powell delivers after the meeting. Investors are looking for clues about the monetary easing roadmap for 2025. A dovish tone could give Bitcoin the momentum it needs to break through resistance, while excessive caution could trigger short-term profit-taking pressure.

Conclusion

Bitcoin stands at a critical juncture: either break out and enter a new price discovery phase, or pull back to support zones to consolidate. With a Fed rate cut virtually guaranteed, sharp volatility in crypto markets over the coming days is all but inevitable.