Bitcoin has made an impressive rebound, trading above $114K for the first time in over two weeks. This marks a significant milestone for the flagship cryptocurrency. On Wednesday, September 10, Bitcoin surged beyond a vital midterm resistance level of $113.5K during the mid-New York session following three failed attempts in recent weeks. Analysts attribute this rally to heightened trader optimism about potential Federal Reserve rate cuts. As Bitcoin continues to gain traction, it fuels discussions about its status as a digital store of value and investment haven amidst macroeconomic uncertainty. Investors should monitor global economic indicators and statements from the Fed to better understand Bitcoin’s price trajectory, as these elements will significantly influence market movements.