Bitcoin's price surged after the US Federal Reserve's 50 bps rate cut, but analysts warn of a potential crash. CrediBULL Crypto predicts BTC may hit $70,000 before dropping below $49,000. Analyst Ali Martinez also cautioned about a possible long squeeze due to $2 billion in Bitcoin futures contracts and the critical 200-day SMA test, which could lead to a correction if rejected.

However, analyst Bonk Guy argues a crash may not occur, citing Bitcoin's historically strong Q4 performance and the upcoming US presidential election, which often boosts market certainty. He also points to the post-halving rally, expected 150-170 days after the halving event, offering a bullish outlook.

As of now, Bitcoin trades at around $63,000 with decreased trading volume at $26.46 billion. The market remains at a critical juncture with both bullish and bearish potential.

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