Bitcoin is facing critical resistance as it struggles to break above the $118,000 level, even after a strong market reaction to the Federal Reserve’s recent 25 basis point interest rate cut. The decision injected optimism across financial markets, and Bitcoin responded with upward momentum, reinforcing its role as a hedge in a shifting monetary landscape. Analysts largely interpret the Fed’s move as a bullish catalyst, with many projecting Bitcoin could push toward the $125,000 mark in the coming weeks if buying pressure persists.

Top analyst Axel Adler highlighted that Bitcoin’s market structure remains supportive of a healthy continuation. According to Adler, the consolidation just below resistance reflects strength rather than weakness, as bulls defend higher lows and liquidity builds

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