Bitcoin ( BTC ) price prediction: With multiple favourable information including the Fed's interest rate cuts, BTC aims for 120,000 USD.

Under the impetus of the Fed's interest rate cuts, the price of Bitcoin (BTC) continues to rise, currently stabilizing around $117,321. Market momentum comes not only from favorable macroeconomic conditions but is also driven by the SEC's approval of Grayscale's first multi-asset ETP. Furthermore, countries like Laos are using Bitcoin Mining as a debt resolution solution, which gives digital assets a new geopolitical narrative. Technical analysis shows that despite short-term consolidation, BTC still maintains a bullish tendency and is expected to challenge higher price levels.

Macroeconomic and Cultural Factors: New Momentum and New Narratives

Despite ongoing global volatility, Bitcoin (BTC) remains a core anchor for many institutional portfolios. The Fed's latest 25 basis point rate cut, the first since December of last year, has injected new momentum into risk assets. Lower borrowing costs typically support Bitcoin, as investors seek alternatives to traditional assets.

Culturally, meme coin traders unveiled a 12-foot tall golden statue of President Trump holding Bitcoin near the U.S. Capitol. Although it was just a stunt, it highlights how cryptocurrency continues to merge politics, memes, and financial markets.

Institutions and Geopolitical Layout: Bitcoin as a Core Asset

Grayscale's first multi-asset ETP approved by the SEC

The U.S. Securities and Exchange Commission (SEC) has approved the Grayscale Digital Large Cap Fund (GLDC), which is the first multi-asset cryptocurrency exchange-traded product (ETP) in the United States. This ETP provides investors with exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano without the need for them to manage wallets or exchange accounts themselves.

This move follows the success of the spot Bitcoin ETF and reflects new listing standards from regulators aimed at simplifying the approval process for crypto funds on Nasdaq and the NYSE Arca. Grayscale CEO Peter Mintzberg described this release as a milestone for cryptocurrency entering the mainstream. This approval solidifies Bitcoin's position as the cornerstone of institutional crypto strategies, even as investor interest has begun to expand to altcoins.

Laos turns to Bitcoin Mining to ease debt

Laos, known as the "Southeast Asia Battery," is exploring Bitcoin Mining to alleviate its $1.3 billion hydropower debt each year. By utilizing excess electricity for mining, Laos can convert unused energy into a globally liquid asset. The country attempted mining in 2021 but suspended new projects in 2023 due to drought and pressure on the power grid. Now, with increasing debt repayment pressure, officials are re-evaluating cryptocurrency mining as a way to monetize idle energy. This strategy is similar to that of Bhutan and Ethiopia, which are directing renewable energy into the crypto space, further reinforcing the narrative of Bitcoin as a "digital energy currency."

Bitcoin Price Prediction: Technical Analysis

On the 4-hour chart, Bitcoin is consolidating within an ascending wedge, trading near $117,366. The 50-period SMA around $116,000 and the 200-period SMA at $113,243 provide solid support. The rejection near $115,800 in the candlestick indicates that buyers are continuously guarding the key level, while the RSI at 59 shows that momentum is cooling down but has not issued an overbought signal.

If BTC closes above $117,978, it could rise to $119,287 and $120,298, with room to reach $125,000–$130,000 in the coming weeks. A break below $116,000 could trigger a pullback to $114,400 or even $113,200. For now, the market bias remains cautiously bullish, with the potential to enter a $500,000 supercycle in the long term if liquidity and macro tailwinds are aligned.

Conclusion

The recent rise of Bitcoin is not accidental, but rather driven by multiple favourable factors such as macroeconomic conditions, institutional regulation, and geopolitical issues. The Fed's interest rate cuts, the SEC's approval of multi-asset ETPs, and the renewed recognition of Bitcoin's role in energy and debt solutions by sovereign nations have all provided a solid foundation for its bullish outlook. This multidimensional momentum, combined with strong technical indicators, suggests that Bitcoin is not only expected to break through higher price levels in the short term but has also taken an important step in solidifying its core position within the global financial system.