The cryptocurrency market has recently experienced severe fluctuations, with the price of Bitcoin climbing to around $115,000 over the weekend, attracting significant attention from global investors. This price level not only set a new recent high but also led market participants to have more expectations and speculations about future trends.

Analysts point out that a weekly closing price of $114,000 is crucial for Bitcoin's short-term trend. If it can hold above this level, it may lay the foundation for further gains. However, if it fails to maintain this key position, it could trigger a significant pullback. Notably, during Friday's Wall Street trading session, Bitcoin briefly broke through $116,800, reaching its highest point since August 23.

Market observers have noted that there is strong buying support below $115,000, which provides a certain cushion for Bitcoin. Some analysts believe that Bitcoin's recent target may not be to directly break through $117,000, but rather to convert $114,000 into a solid support level.

Currently, investors are focused on the upcoming Federal Reserve interest rate decision. There is a widespread expectation that the Federal Reserve may lower interest rates by at least 0.25 percentage points, and this expectation has become one of the important factors driving the rise in Bit prices. Some market participants even predict that under the dual influence of continued economic expansion and the Federal Reserve's rate cuts, there may be a significant rise in risk assets in the fourth quarter.

However, whether this strong surge of Bitcoin signifies the beginning of a new bull market or is merely a short-term market sentiment reaction remains uncertain. How the Federal Reserve's decision to cut interest rates will impact the overall market landscape is also a focal point of close attention for investors. In this market environment filled with opportunities and risks, investors need to remain vigilant and make prudent decisions.