Where will Bitcoin go next?

The Fed's cut interest rates to 4.25%-4.50% and Chairman Powell's cautious remarks have little direct impact on Bitcoin, which is trading at nearly $117,000. Analysts remain optimistic that further rate cuts could be driven by job concerns and increased adoption of corporate crypto funds, which could drive Bitcoin to a new high later this year. Forecasts show that interest rates may drop to 3.6% by the end of the year and will continue to decline into 2027.