US FED's rate cut is going to be announced by next week which will definitely add more liquidity to bitcoin market from bank deposits. Waiting for a week or two may be required though, so we just should wait for it. I am still confident about seeing a new ATH in this September and by this December 200k is my personal target.
The interest rate cut is positive news as investors will tend to withdraw their bank deposits and invest in riskier assets in search of better returns. But even if the Fed cuts rates by 0.5 basis points, interest rates are still quite high (3.75%-4%) and it must be understood that lowering interest rates does not mean quantitative easing (QE). That means there will be money flowing into the market but it won't be so big that it can double the current price of bitcoin.
Therefore, I think it is unrealistic to expect bitcoin price to reach $200k just because the Fed lowers interest rates, we need a bigger catalyst than that for bitcoin to reach that goal.