Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation
On Thursday, September 18, the Bitcoin worth loved some form of rejuvenation following the result of the United States Federal Open Market Committee (FOMC) assembly. Federal Reserve Chair Jerome Powell introduced an rate of interest reduce for the primary time in 2025.
The common crypto market rallied on the again of this charge reduce announcement, with the Bitcoin worth operating to a month-to-month high and virtually breaking above the $118,000 stage on the day. However, the premier cryptocurrency has didn’t construct on this momentum, retreating to round $115,500 on Friday, September 19.
With worth unable to maintain a critical rally, the query on the opposite facet is—is the Bitcoin market getting ready to capitulation?
BTC Market Shows Zero Signs Of Capitulation
In a submit on social media platform X, market analytics agency Alphractal revealed that the Bitcoin market is way from worth capitulation. According to the blockchain platform, the Bitcoin worth has proven no indicators of capitulation for over a 12 months—since July 2024.
This on-chain remark is predicated on the Market Capitulation Index (0 – 3), which tracks potential durations of intense downward worth motion. This metric is predicated on three stress indicators: Hash capitulation (>30% decline in 30 days), worth capitulation (>50% drop), and provide capitulation (7-day energetic provide >15%), with every sign contributing a degree apiece.
According to Alphractal, scores of round 2 – 3 for the Market Capitulation Index point out extreme market stress and potential capitulation. Typically, high values for this metric recommend excessive promoting stress. Meanwhile, scores between 0 and 1 sign regular market situations for the Bitcoin worth.
Looking on the metric—which is at zero—and the three stress indicators, the BTC market doesn’t present any indicators of capitulation, with the hash charge hitting new all-time highs in September. Furthermore, whereas the Bitcoin worth has not notably impressed to date up to now few months, it has largely been in a consolidation vary slightly than in a downward development.
Alphractal founder Joao Wedson noted in a separate submit that it’s going to possible take just a few extra months earlier than the biggest cryptocurrency market faces capitulation. Ultimately, which means that the Bitcoin worth nonetheless has an opportunity of witnessing one other leg up within the present bull cycle.
Bitcoin Price At A Glance
As of this writing, the value of BTC stands at round $115,400, reflecting an over 2% decline up to now 24 hours.