The analysis discusses Bitcoin's recent performance, noting it hasn't moved much and is likely waiting for the Fed rate decision. A key point is disputing the narrative that Bitcoin's price only increases when rates decrease. The presenter shows a chart comparing the Fed Funds Target Range to Bitcoin's price over the years. Historically, Bitcoin has moved up regardless of rate changes. The analyst highlights that 2024 rates are historically low, yet Bitcoin has quadrupled, the analysis suggests it is dangerous to assume that lower rates lead to higher Bitcoin prices.