What are the critical price levels for Bitcoin's rise?

The price of Bitcoin has risen to 110,544 dollars with investors anticipating interest rate cuts, marking a 3.16 percent increase in the last 24 hours. This movement is supported by investors taking advantage of buying opportunities in an uncertain environment. The interest of institutional investors and the improvement in the macroeconomic outlook have helped create a positive atmosphere in the markets.

Along with Bitcoin (BTC), Ethereum (ETH) has also surpassed the 4,036 dollar level, regaining confidence. Other major cryptocurrencies such as Binance Coin (BNB), XRP, and Solana (SOL) have gained value between 2 and 4 percent. BTC Markets analyst Rachael Lucas stated that this recovery is accelerating and emphasized the increasing demand for spot Bitcoin ETFs. Investors are interpreting the recent wave of selling as a buying opportunity.

Expectations for interest rate cuts are supporting Bitcoin's price. Lucas noted that while Federal Reserve Chairman Jerome Powell's statements indicated that economic growth remains strong, there are signs of some weakness in the labor market. She pointed out that this situation has led to a decrease in bond yields and an increase in the liquidity flow to risky assets. CME Group's FedWatch Tool data shows that investors are pricing in a 98.9 percent probability of a 25 basis point rate cut at the October meeting. Lucas emphasized that this situation is an important support factor for Bitcoin in the short term.

Vincent Liu, Chief Investment Officer at Kronos Research, stated that the 107,000 dollar level is the main support, while 111,000 dollars is a critical resistance that needs to be broken. Liu expressed that if the price stays above 111,000 dollars, a short squeeze could occur in short positions, which could accelerate the rise. Rachael Lucas also predicts that Bitcoin could face strong resistance between 111,700 and 115,500 dollars; however, if these levels are surpassed, a new upward trend could begin.

Experts indicate that geopolitical tensions between the U.S. and China and the upcoming Trump-Xi meeting continue to pose risks in the short term; however, the market is currently focused on the interest rate cut narrative. The most critical levels for investors to watch are 107,000 dollars support and 111,000 dollars resistance points.