Analyst: Bitcoin's price movement has almost fully priced in the Federal Reserve's interest rate cuts, 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 the $80,000 level. 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 has not released any hawkish surprises.

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.