Bitcoin is currently trading around $88,400, navigating a narrow Bollinger Band range between $85,800 and $90,200. The recent Federal Reserve decision to cut interest rates by 25 basis points, lowering the funds rate to 3.5–3.75%, has contributed to a softer dollar, potentially influencing Bitcoin's price dynamics. The cryptocurrency is positioned just above its 20-day simple moving average, with a critical resistance level at $90,276. A successful breakout above $90,200 could see Bitcoin targeting price levels of $95,000 and $100,000 by early 2026. However, potential risks include persistent inflation and pressures following the next Bitcoin halving event.