Bitcoin Price Forecast: Powell’s Rate Reduction Indication, Philippines’ 10K BTC Initiative, Taiwan Enforcement Influence Path to $130K

Bitcoin (BTC/USD) has regained attention, trading above $116,000 as various global factors influence its trajectory. The hint of a rate cut from US Federal Reserve Chair Jerome Powell has instilled optimism, while the Philippines is proposing a $1.1 billion Bitcoin reserve, and Taiwan’s $72 million crypto enforcement has enhanced regulatory confidence.

These events collectively underscore Bitcoin’s evolving role in global finance—serving both as a hedge and a growth asset. With technical indicators suggesting a potential breakout, traders are now looking towards $130,000 with renewed assurance.

Taiwan’s $72M Crypto Laundering Case Enhances Market Confidence

Taiwanese authorities have charged 14 individuals in what is described as the nation’s largest crypto money laundering case, valued at approximately $72 million. The group, led by Shi Qiren, utilized unregistered exchanges “CoinW” and “CoinThink Technology” to defraud over 1,500 victims.

They funneled money into machines, converted it to foreign currency, purchased USDT, and subsequently transferred the funds out.

Taiwan prosecutors are probing the largest money laundering case involving a physical virtual currency exchange. Fourteen individuals, utilizing the CoinW exchange, aided a fraud operation in converting cash into digital currency. Over the span of a year, they…

— Wu Blockchain (@WuBlockchain) August 22, 2025

Authorities confiscated millions in cash, luxury vehicles, and Bitcoin assets. Prosecutors are advocating for a $39 million asset seizure, while CoinW has denied any involvement.

Although the case has revealed vulnerabilities in loosely regulated markets, investors perceive the crackdown as a move towards enhanced regulatory trust—potentially beneficial for Bitcoin in the long term.

Powell’s Jackson Hole Remarks Ignite Crypto Rally

Federal Reserve Chair Jerome Powell rekindled optimism during his Jackson Hole address, suggesting an impending rate cut. He remarked that changing conditions might “necessitate policy adjustments,” prompting markets to assign a 90% likelihood of a reduction in September.

A dovish address by Powell, indicating interest rate cuts, has invigorated the crypto market. $BTC and $ETH experienced gains, with #Ethereum’s stronger performance compared to #Bitcoin drawing notable attention. pic.twitter.com/SJlN4LkgNm

— Crypto Data Space (@cryptodataspace) August 22, 2025

Bitcoin surged from $112,000 to over $114,700 within moments, while Ethereum rose 7% to $4,600. Altcoins such as Solana, Dogecoin, and XRP all recorded gains exceeding 6%. Investors had previously sold off heavily earlier in the week, but Powell’s dovish remarks shifted sentiment positively.

Historically, rate cuts have led to liquidity-driven rallies across the crypto space, and traders anticipate a similar outcome this time.

Philippines Proposes 10,000 BTC National Reserve

Another significant development emerged from Manila. Legislators in the Philippines have introduced a bill to establish a 10,000 BTC strategic reserve valued at $1.1 billion based on current prices. The proposal entails the Bangko Sentral ng Pilipinas acquiring 2,000 BTC annually over five years, with the coins held in trust for 20 years.

BREAKING: Philippine Congressman proposes a bill to create a national #Bitcoin reserve of 10,000 $BTC, aiming to enhance economic stability and hedge against debt. pic.twitter.com/wbxtnB43cn

— Bitcoin.com News (@BTCTN) August 22, 2025

Representative Migz Villafuerte characterized Bitcoin as “digital gold,” asserting it would bolster financial security. If approved, the Philippines’ reserves would rival Bhutan’s 10,565 BTC and surpass El Salvador’s 6,276 BTC, a move perceived as a strong bullish indicator by traders anticipating institutional adoption.

Bitcoin Price Forecast – Technical Analysis

The short-term Bitcoin price forecast appears neutral as BTC’s chart is forming a battleground between buyers and sellers.

After entering a descending channel in mid-August, BTC has rebounded sharply from the $112,000 support level, reclaiming the 50-period EMA at $115,578. The price briefly tested $117,000, indicating an attempt to breach the channel’s upper boundary.

Bitcoin Price Chart – Source: Tradingview

A completed harmonic pattern between $124,450 and $105,150 highlights the recent fluctuations. Candlestick activity near support produced a bullish hammer, followed by green candles that could develop into a three white soldiers formation if momentum continues. RSI has rebounded to 55, while MACD indicates a bullish crossover with an expanding histogram—both supporting a positive outlook.

If Bitcoin surpasses $117,000 and maintains above $119,000, upward targets emerge at $121,800 and $124,400. A breakout could potentially drive prices to $127,500 and possibly $130,000 in the upcoming months. On the downside, $113,500 and $112,000 are critical support levels.

BTC Potential Trade Setup

A cautious entry above $116,200 with a stop loss below $112,000 aligns risk and reward. If confirmed, BTC could rise to $124,400 and then $130,000 as bullish momentum builds into 2025.

New Presale Bitcoin Hyper ($HYPER) Merges Bitcoin Security With Solana Speed

Bitcoin Hyper ($HYPER) is positioning itself as the inaugural Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its objective is to enhance the Bitcoin ecosystem by facilitating rapid, low-cost smart contracts, decentralized applications, and even meme coin creation.

By integrating Bitcoin’s unparalleled security with Solana’s high-performance infrastructure, the project paves the way for entirely new applications, including seamless BTC bridging and scalable dApp development.

The team has placed a strong emphasis on trust and scalability, with the project undergoing audits by Consult to instill confidence in its foundations among investors.

Momentum is rapidly building. The presale has already surpassed $11.3 million, leaving only a limited allocation still available. At this stage, HYPER tokens are priced at just $0.012775—but this price will increase as the presale advances.

You can acquire HYPER tokens on the official Bitcoin Hyper website using cryptocurrency or a bank card.

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