Bitcoin price surged to new quarterly highs at $96,700 on May 1, following the US GDP contraction of -0.3% for the first time since Q2 2022. The probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 meeting. Over the past 24 hours, short position liquidations surpassed $137 million, indicating a favorable trend for BTC’s price momentum. Veteran trader Peter Brandt predicted a potential Bitcoin rally, projecting a price range of $125,000 to $150,000 by August or September 2025, based on a parabolic arc pattern in the price chart. Brandt emphasized the need for Bitcoin to reclaim its parabolic slope to achieve the target, with a caution that a correction of over 50% could follow the peak. Bitcoin researcher Axel Adler Jr. highlighted three scenarios, with an optimistic case targeting above $150,000, based on onchain metrics. In a baseline scenario, Bitcoin’s price may consolidate within a range of $90,000 to $110,000 if capital inflows remain limited. A bearish scenario could lead to a correction down to $85,000-$70,000 due to profit-taking. Bitcoin displayed a breakout pattern over the past two weeks, reaching $93,000-$96,000 before entering sideways consolidation and breaking out again. BTC is currently surpassing its resistance range, with a volume cluster between $96,000 and $99,000 suggesting a consolidation phase before testing the $100,000 mark. This analysis does not offer investment advice, and readers are urged to conduct their research before making financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price surged to new quarterly highs at $96,700 on May 1, following the US GDP contraction of -0.3% for the first time since Q2 2022. The probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 meeting. Over the past 24 hours, short position liquidations surpassed $137 million, indicating […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/119532"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=119532"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/119532\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=119532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=119532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=119532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}