Bitcoin has reached a four-week high of $117,000 as anticipation builds around the Federal Reserve's upcoming interest rate decision. The Fed is expected to lower rates for the first time this year, a move that could enhance liquidity and favor riskier assets such as cryptocurrencies. Economist Alex Krüger and crypto analyst Sykodelic have both highlighted the historical bullish impact of rate cuts on Bitcoin, with past market rallies following similar decisions. Additionally, BitMEX co-founder Arthur Hayes discussed the potential for the Fed to adopt yield curve control, which could further benefit Bitcoin. The dollar index's 12% decline this year has also bolstered Bitcoin's appeal as an inflation hedge. Fundstrat's Tom Lee anticipates significant movements for Bitcoin and Ethereum in the coming months, driven by increased liquidity and regulatory clarity.