Bitcoin has been in sideways consolidation for the past few months with no definitive bias to the upside or downside, until recently. The triangle formed will have a break very soon, potentially caused by the next FOMC meeting on September 18th (may take a little while for market to react). If only a 25 bps cut is put into affect the overall market not see it as "aggressive enough" and should give rise to reserve assets such as bitcoin and gold. Time will tell but the general bias is to the upside and even with a 50 bps cut I'd still expect bitcoin to continue its long trek upwards.