Bitcoin News: Bitcoin Breaks Above 50-Day Average as Traders Eye Fed Rate Cut; BTI Still Bearish

Bitcoin (BTC) climbed above its 50-day simple moving average (SMA) this week, signaling a short-term bullish shift ahead of a potential Federal Reserve rate cut and easing U.S.–China trade tensions. However, the CoinDesk Bitcoin Trend Indicator (BTI) continues to flash a bearish reading, suggesting caution despite the improving outlook.BTC Breaks Technical Barrier With Fresh MomentumBitcoin’s rise above the 50-day SMA marks its first decisive move past the key trendline in weeks — a signal often viewed as an early indicator of bullish momentum.Supporting the move, the daily MACD histogram printed a bullish crossover, while the 5- and 10-day SMAs also turned upward, reflecting stronger short-term buying pressure.At the time of writing, BTC trades at $115,189, up more than 5% week-to-date.Macro Tailwinds Support Price RecoveryThe recent upswing coincides with growing market expectations that the Federal Reserve will deliver another 25 basis point rate cut at its upcoming policy meeting.Positive headlines from the U.S.–China trade negotiations have also lifted investor sentiment, helping Bitcoin and other risk assets recover from October’s earlier volatility.Caution Persists: BTI and Ichimoku Cloud Flash WarningsDespite the encouraging signs, analysts warn that Bitcoin has yet to confirm a full bullish reversal.The CoinDesk Bitcoin Trend Indicator (BTI) — which measures the strength and direction of BTC’s momentum — remains in bearish territory, implying the broader trend has not yet turned decisively positive.In addition, Bitcoin continues to trade below the Ichimoku cloud on the daily chart — a major resistance area watched closely by traders. A decisive breakout above the cloud would confirm a bullish trend reversal and open the path toward $120,000 and higher levels, analysts said.Cautious Optimism Before the Fed DecisionWith macro catalysts aligning and technical momentum improving, traders are watching whether Bitcoin can sustain its move above the 50-day average and challenge the next key resistance zones.A dovish tone from the Fed could further fuel risk appetite, but a failure to clear the Ichimoku cloud may trigger renewed consolidation.