Bitcoin surged past $112,000 resistance, aiming for new highs as traders anticipate further gains. The US Federal Reserve is expected to cut interest rates by 0.25% at its upcoming meeting, with odds above 98%. Market data shows a range-bound BTC price action over the weekend, with increased volatility expected at the weekly close. Various analysts predict bullish moves for Bitcoin, with targets set at $123,000 and beyond. Central banks worldwide are cutting rates at a rapid pace, with 82% of banks reducing rates in the past 6 months.

Read more at Cointelegraph: Bitcoin Bulls Get a Lift Toward $113,000 Ahead of Fed Rates Decision