Bitcoin has risen above the 50-day average, but the downtrend signal continues.

Bitcoin Price Surpasses 50-Day Average

Bitcoin has crossed a critical level and risen above the 50-day average. However, behind this movement, CoinDesk’s Bitcoin Trend Indicator (BTI) still signals a downward trend.

Federal Reserve's Interest Rate Cut Expectations

While these developments are occurring, the possibility of an interest rate cut by the U.S. Federal Reserve is drawing investor attention. However, Bitcoin has still failed to rise above the Ichimoku cloud.