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\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/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\/119549"}],"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=119549"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/119549\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=119549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=119549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=119549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}