Bitcoin trades near $117K, shows resilience post US Fed cut. Experts say market is eyeing a breakout rally

Synopsis

Bitcoin is showing strength, trading near $117,000 after the US Fed rate cut, fueling expectations of new all-time highs. Experts cite substantial whale inflows and consistent institutional demand as key drivers. Altcoins like Solana and Dogecoin are also gaining traction, with Dogecoin potentially seeing a significant breakout. Overall, the cryptocurrency market capitalization stands at $4.

Bitcoin was trading at the level of $116,927 on Friday post the US Fed’s recent rate cut and experts believe that the market is now watching a strong probability of fresh all-time highs within weeks.

“The crypto market is showing resilience, with Bitcoin moving upwards after the Fed’s recent rate cut and holding above $117,000. Market is now watching a strong probability of fresh all-time highs within weeks, supported by whale inflows of over $3 billion into Bitcoin wallets in August and steady institutional demand,” according to Avinash Shekhar, Co-Founder & CEO, Pi42.

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The expert further adds that, “Altcoins are also taking the spotlight, Solana climbing near $250 and Chainlink outperforming peers on strong momentum. Dogecoin is particularly noteworthy, consolidating despite heavy selling pressure, with the market eyeing a potential breakout that could deliver over 100% upside if resistance clears. Meanwhile, Ethereum and newer tokens are benefiting from smart-money rotation, signaling broader risk appetite. Overall, sentiment remains constructive, with capital rotation into altcoins reinforcing the bullish undertone across the market.”
Crypto TrackerTOP COINS (₹) BNB87,758 (0.19%)Tether88 (0.18%)Bitcoin10,312,559 (-0.04%)Ethereum399,828 (-0.66%)XRP267 (-1.11%)
Solana was trading at $244 level and Dogecoin was trading at $0.2755 on Friday down by 0.01% and 1.80% respectively in the last 24 hours.

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At 11:05 AM IST, Bitcoin was trading at $116,909, down by 0.32% over the past 24 hours and up by nearly 1.14% over the past week. Ethereum, meanwhile, was at $4,538, down by 1.14% in the past 24 hours and up by 0.27% over the last seven days.

According to , the overall cryptocurrency market capitalisation stood at around $4.09 trillion on Friday.

Here is what other analysts say

Sathvik Vishwanath, Co-Founder & CEO, Unocoin

BTC largely consolidated around $115,000, ranging between $115K and $117K, with a brief dip below support swiftly absorbed by buyers. Momentum has since shifted bullish, as BTC tests the $117,800 resistance level. A decisive breakout above this zone could open the path toward the $118,200–$118,500 range in the short term. RSI is trending upward, and volume profiles suggest growing interest near breakout levels. However, failure to break $117,800 cleanly may lead to another pullback toward the $115,500 support before any sustained move higher.

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Parth Srivastava, Head of Quant, 9Point Capital’s Research Team

Bitcoin remains positioned for significant upside. Liquidity conditions are improving, institutional inflows continue, and volatility compression suggests a strong breakout ahead. With supply constrained by ETF accumulation and long- term holders unshaken, the path of least resistance leans higher. Markets eye six-figure levels, and momentum into Q4 could accelerate gains beyond expectations if current trends persist
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