BTC Price to Soar? Fed Rate Cut Odds Jump

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Bitcoin’s price is ready to break out of consolidation as alarming US GDP data increases chances of Fed interest rate cuts.

Bitcoin holds $95,000 as Fed rate cut odds rise to 60% for June 18 and the US economy slumps.

Breaking $95,000 could push BTC’s price toward $100,000, while dropping below $93,000 may bring the $84,000 back into the picture.

Key Bitcoin levels to watch remain around the long-term holders’ cost basis.

Bitcoin is once again attempting to break above $95,000 on May 1 as markets price in the possibility of the US Federal Reserve cutting rates sooner than expected.


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