Main takeout:
Bitcoin has a $ 95,000 chance of reducing the Fed rate to 60%on June 18 and the US economy plummeted.
Breaking $ 95,000 can push the price of the BTC to $ 100,000, and if you fall to $ 93,000 or less, $ 84,000 can be reversed to the picture.
The main bitcoin level to watch maintains the cost of long -term holders.
BITCOIN (BTC) attempts more than $ 95,000 again at the market price of the possibility that the US Federal Reserve Bank is reduced faster than expected on May 1st.
Fed rate cuts increase the price of BTC
According to the data from COINTELELELEGRAPH Markets Pro and TradingView, the economy has fallen to less than $ 93,000, following US GDP data, and Bitcoin has spent a higher time.
The contract economy will stimulate the Fed at a lower interest rate to later stimulate the Fed. This reduces the yield of existing assets, such as bonds, and pushes investors into Bitcoin and risk assets.
At the Federal Open Market Committee meeting on June 18, the probability of lowering the Fed interest rate increased from 57%on April 30 last week to 60%from 60%on May 1.
Expectations for cuts were historically an optimistic catalyst for dangerous assets and Bitcoin. For example, Bitcoin was more than 20% ahead of the last fed cut on December 18, 2024.
In the May 1 post of X, “Bitcoin is rebounded from the Bearish US GDP data and soares to 95K.
“Traders expect to reduce the economy and reduce interest rates in the future despite the decrease in the economy and low consumer trust.”
The focus shows how many jobs were added to the US economy in April, which will affect the price of the encryption market and bitcoin.
relevant: Bitcoin ‘Aging’ chart project 6 times BTC price rally over $ 350K
What is the price of Bitcoin?
Currently, $ 95,000 is a key trader that the trader is watching, and many analysts believe that if you continue to promote the resistance area on the area, the speed will be higher.
GlassNode said, “The recent price is raising two major technologies and trying to integrate it in this area.
The Market Intelligence FIRM has a simple moving average (SMA) for 111 days, with a short cost of $ 93,200. Bitcoin has recently regained this level in the upward swing and emphasized the degree of intensity of movement.
“If you reject this level, the price will return to the weak area and many investors will return to an unstable loss of losses, so they must be broken for more price recognition.”
Popular analyst Alphabtc said, “Bitcoin is ready to blow $ 96,000,” he said in the latest analysis of X.
According to the analyst, the decisive rest of more than $ 95,000 showed that the BTC was out of integration, and the next logical movement headed to a psychological level of $ 100,000.
“This is what I want to see if Bitcoin can follow today. There’s a big pressure on the low 100ks.”
On the contrary, the analyst said that the fall of less than April 30 is $ 93,000, as shown in the chart above, the BTC/USD can see the $ 84,000 and $ 88,000 range.
DAAN CRYPTO Trades, a fellow encryption analyst, added that if the price is integrated without rejection and continues to rise, the BTC must be deployed to deploy BTCs for higher movement to $ 100,000.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.