Bitcoin has continued its momentum, reaching $115,500 on September 13, the highest in three weeks.

The trend has been driven by lower US inflation figures and ongoing ETF inflows, which have served to increase global market optimism.

Additionally, there is growing confidence among investors that the Federal Reserve will cut rates in a meeting on September 17.

Based on the market data, there is an 88% likelihood of a 25-basis point cut.

Traders believe this will bolster risk appetite and give new strength to Bitcoin.

However, as Bitcoin targets $124,000, traders are also setting up in altcoins, where returns stand to be much higher.

MAGACOIN FINANCE is among the most aggressive altcoins with targets of up to 300x returns in the near term.

Notably, institutional demand remains the backbone of Bitcoin’s uptrend.

ETFs absorbed more than $928 million in inflows this week, highlighting sustained interest from both retail and professional investors.

Ethereum and altcoins also participated, with ETH climbing above $4,550, Solana surging over 7%, and Dogecoin adding 5%.

Despite the optimism, Bitcoin faced resistance above $116,000, where sellers pushed back against the rally.

Analysts warn that rejection at this level highlights caution still present in the market. Derivatives data also echoed this.

In 2025, crypto performance has been influenced by the Federal Reserve policy.

Every action on interest rates has had an instant ripple effect on digital assets.

Investors have been waiting months before action can be taken, but September has brought about a turning point.

CME FedWatch has currently given an 88% chance of a reduction, with the majority of the bets located at 25-basis-point.

Furthermore, this case was reinforced by weaker labor data in August, with only 22,000 payroll gains and increased unemployment.

Easing is now seen as an inevitability to Wall Street, and markets are placing bets on it.

Bitcoin, commonly referred to as digital gold, has followed this policy perspective.

With the rising prices of gold, Bitcoin was no exception as it surged between $110,000 and above $112,000 in just one session.

Analysts are optimistic that a decisive breakout will follow after the announcement by the Fed.

Meanwhile, as Bitcoin pushes closer to reclaiming its all-time high, traders are preparing for what comes next.

Many see Bitcoin’s rally as the foundation of a broader market breakout, but the most aggressive bets are shifting toward altcoins with higher upside. Among them, MAGACOIN FINANCE is drawing the loudest attention.

Analysts and traders suggest this altcoin could deliver up to 300x returns in the short term, making it one of the boldest plays of the cycle.

The reasoning is clear: while Bitcoin provides stability, explosive growth often comes from tokens with smaller caps and strong narratives.

Notably, positioning early has become the key strategy.

As Bitcoin inches toward record levels, investors believe MAGACOIN FINANCE offers the chance to maximize gains when altcoins ignite.

For many, it represents the high-reward counterpart to Bitcoin’s steady climb, and a potential breakout star of the coming rally.

If BTC breaks above $116 000, analysts project the next mark at $118 000.

Support stands at about 113,700, which offers a volatility cushion.

Nonetheless, analysts warn that a reversal may take Bitcoin to $111,000 or even to $110,000.

In the meantime, investors are looking at September 17, when the Fed makes a decision. An official reduction would be the catalyst needed to drive Bitcoin back to its all-time high.

Bitcoin has made a comeback following inflows into ETFs and growing belief that the Fed will reduce rates.

The resistance at about $116,000 has slackened the pace, but analysts note that the milestone that is imminent is 124,000.

Resilience is verified by technical indicators, and macro conditions are the most promising catalyst in 2025.

Nonetheless, the story is not only about Bitcoin.

Traders are preparing for altcoin breakouts, where multipliers can be exponential. MAGACOIN FINANCE, with predictions of 300x short-term returns, is emerging as one of the boldest projects.

As Bitcoin aims for its ATH, investors are already positioning in the altcoin that could define the next rally.

To learn more about MAGACOIN FINANCE, visit:

Website: https://magacoinfinance.com
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The post BTC price prediction: $124K rally strengthens as Fed rate cut odds hit 88% — what’s next for BTC? appeared first on Invezz

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