Bitcoin is making a significant move as the US Federal Reserve considers cutting rates, pushing the odds of a rate cut to 60% for June 18. Currently trading around $95,000, Bitcoin could potentially reach $100,000 if it breaks above this level. However, dipping below $93,000 may bring the price back to $84,000. Key levels to watch are the long-term holders’ cost basis. As the US economy shows signs of slowing down, investors are turning to Bitcoin and other risk-on assets. Historically, rate cuts have been bullish for Bitcoin, with the cryptocurrency rallying more than 20% prior to the last Fed rate cut in December 2024. The upcoming May 2 jobs report will provide insight into how the US economy is faring, impacting Bitcoin’s price. Analysts believe that a sustained break above $95,000 could lead to further price appreciation, potentially surpassing $100,000. On the other hand, a drop below $93,000 could see Bitcoin heading towards $84,000. Analysts are optimistic about Bitcoin’s future price movements, anticipating a move towards $100,000 if the current trend continues. This article does not offer investment advice, and readers are advised to conduct their own research before making any decisions.