Bitcoin Price Falls to $115K Post Rate-Cut, No Capitulation Signs

The Bitcoin price experienced a boost following the Federal Reserve's announcement of an interest rate cut set for 2025. This led to a brief rally, with BTC nearly reaching $118,000 before retreating to approximately $115,500.

Bitcoin Market Analysis

The Bitcoin market is not showing signs of capitulation, according to Alphractal's analysis.
The Market Capitulation Index remains at zero, indicating normal market conditions.
Hash rate reached new all-time highs, supporting market stability.
The price has been in a consolidation range rather than a downward trend.

Alphractal founder Joao Wedson suggests it may take a few more months for potential capitulation, implying the possibility of further upward movement in the current bull cycle.

Current Bitcoin Price

BTC currently trades around $115,400, reflecting a decline of over 2% in the past 24 hours.