Bitcoin exceeds $ 117,000 after reducing the Fed prices

The price of Bitcoin has increased a fraction of a percentage in the last 24 hours to negotiate at $ 117,217 to 5:00 HNE on an increase of 42.97% of the daily negotiation volume at $ 66.51 billion.

The rise in prices occurs just after the American federal reserve reduced interest rates by 25 base points on September 17, 2025. The president of the Fed, Jerome Powell, explained this decision by pointing a slowdown in the labor market, even if inflation remains high.

J-Powell and the Fed have reduced the rates of 25 bps.

What does this mean for Bitcoin?

“It’s really optimistic for Bitcoin” – @Andre_dragosch Since @Bitwise_europe on #ChainreAction.

3 main reasons:

💹 Decrease in real yield
💵 Inflation 🔼 = Upsy btc
💰 Moneyd growth = 🚀 pic.twitter.com/lkzmssggut

– Gareth Jenkinson (@gazza_jenks) September 18, 2025

This shows a change in American economic policy to help the economy develop. Powell has mentioned the slow growth of employment and the unusual changes in the provision of labor as reasons to relieve strict monetary policy.

Powell’s message was simple yesterday: the Fed cut because the job market fell in love.

🟡 Unemployment increases and job creation is now lower than the equilibrium rate
🟡 Inflation is back and always “somewhat high”
🟡 Growth has slowed down, activity is moderate
🟡 The prices are … pic.twitter.com/qecoehawij

– ER. VIIN (@er_vpin) September 18, 2025

The cut helps borrowers to cost high and makes many investors who hope. This optimism has spread on various investments, including bitcoin and other cryptocurrencies.

The drop in Fed rates aims to balance employment growth and maintain stable prices, which has been difficult with mixed economic signals.

Lower rates generally mean more liquidity on the markets, which encourages people to invest in risky assets such as Bitcoin.

Bitcoin chain analysis shows an increasing demand

Looking at the data on the Bitcoin chain, there are signs of high demand supporting the recent price increase. Other Bitcoin transactions occur and other wallet addresses are active. This means that more people use Bitcoin.

In addition, there is a notable tendency that Bitcoin is moving away from exchanges, which means that holders keep their parts rather than selling. This reduces the available offer for sale and helps the price to increase.

Removing the documents from the exchanges is generally very optimistic because it limits the sale of the pressure and shows that the holders expect the price to increase more.

The constant increase in transactions also underlines a healthy network, giving additional confidence to traders in times of economic uncertainty.

Number of Bitcoin Source transactions: Crypto

The technical analysis of the price of bitcoin takes charge more

The weekly Bitcoin graph shows that its price remains a lot of $ 117,000, with a gain of around 1.69%. The price found support near the levels of $ 110,000 and $ 105,000, which prevented it from lowering in recent decreases.

BTCUSD Source analysis: tradingView

The graph includes Bitcoin trading well above its 50-week mobile average around $ 98,000, a key level that shows that the long-term trend is alive. The next resistance or target level is $ 124,500, which could be reached as the price rises on the current ascending channel.

The technical indicators support the positive view: the relative force index (RSI) is around 60.7, which suggests that the price is gaining strength but not yet too high. The divergence of mobile average convergence (MacD) has positive bars, confirming the upward trend.

Meanwhile, the average directional index (ADX) nearly 24.7 shows a fairly strong trend pushing the price upwards. If Bitcoin remains above $ 110,000 support, it could soon exceed $ 124,500 and perhaps even reach new records in the coming weeks.

In summary, Bitcoin is falling from the drop in Fed rates, which increases the flow of money on the market and makes investors more willing to take risks. Chain signals show that holders are confident and do not sell, reducing the market offer. Technical analysis also indicates that Bitcoin tends with strong dynamics.

The price exceeding $ 117,000 is a large step, with solid support levels ready to maintain it stable. During the combination of these factors, food policy, blockchain data and technical trends, the prospects are favorable for Bitcoin to continue to mount and test the higher price levels.

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