Analyst: Bitcoin's trend has almost fully priced in the Federal Reserve's interest rate cut, and indicators show that short-term bullish momentum has recovered

CryptoQuant analyst Axel posted on social media that Bitcoin has restored its bullish structure after pulling back to $80,000. This trend is set against the backdrop of the market having almost fully priced in the Federal Reserve's third consecutive rate cut, which will improve financial conditions and open a window for further asset appreciation, provided that Powell does not release any hawkish surprise signals.

Since the pullback to the $80,000 range from the peak in October, the price has shown a steady upward trend over the past 14 days. The key signal is that the slope of the 200-day moving average (DMA) (blue bars) has turned positive for the first time in a month, indicating that short-term bullish momentum has returned. The current price has risen above both the 50-day and 200-day moving averages, confirming the trend. The 52-week high (orange line) constitutes a key resistance level—once broken, it will open up space for further gains.