Bitcoin is close to $115,000, and the market expects Fed to cut interest rates

According to Cointelegraph, Bitcoin was close to $115,000 on the weekend, and analysts said it would take a weekly closing price above $114,000 to remain "bullish". The market generally believes that the Fed will cut interest rates next week. Bitcoin hovered at weekend lows without major fluctuations, with Wall Street trading on Friday reaching $116,800, the highest since August 23. Trader Skew pointed out that below $115,000 has good buying depth and liquidity. Analyst Rekt Capital said that Bitcoin’s short-term target is not to break through $117,000, but to turn $114,000 into support first. The market is paying attention to the Federal Reserve's interest rate decision and is expected to cut interest rates by at least 0.25%. Mosaic Asset Company is optimistic about the outlook for risky assets in the fourth quarter, believing that economic expansion and the Federal Reserve's interest rate cut will benefit the stock market.