{"id":19668,"date":"2025-05-01T10:51:46","date_gmt":"2025-05-01T10:51:46","guid":{"rendered":"https:\/\/gold.creditcard\/bitcoin-price-about-to-blast-higher-as-fed-rate-cut-odds-jump-to-60\/"},"modified":"2025-05-01T10:51:46","modified_gmt":"2025-05-01T10:51:46","slug":"bitcoin-price-about-to-blast-higher-as-fed-rate-cut-odds-jump-to-60","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/bitcoin-price-about-to-blast-higher-as-fed-rate-cut-odds-jump-to-60\/","title":{"rendered":"Bitcoin price about to 'blast' higher as Fed rate cut odds jump to 60%"},"content":{"rendered":"

Key takeaways:<\/strong><\/p>\n

Bitcoin holds $95,000 as Fed rate cut odds rise to 60% for June 18 as US economy slumps.<\/p>\n

Breaking $95,000 could push BTC price toward $100,000, while dropping below $93,000 may bring the $84,000 back into the picture.<\/p>\n

Key Bitcoin levels to watch remain around the long-term holders\u2019 cost basis. <\/p>\n

Bitcoin (BTC<\/a>) is once again attempting to break above $95,000 on May 1 as markets price in that the US Federal Reserve might cut rates sooner than expected.<\/p>\n

BTC\/USD daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n

Fed rate cut will drive BTC price higher<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed Bitcoin edging higher hours after dipping below $93,000 following US GDP data that reflected a shrinking economy<\/a>.\u00a0<\/p>\n

A contracting economy<\/a> will likely prompt the Fed to lower rates to stimulate activity sooner than later. This reduces yields on traditional assets like bonds, pushing investors toward Bitcoin and risk-on assets.<\/p>\n

The odds of a Fed interest rate cut at the June 18 FOMC meeting have increased over the last week, from 57% on April 30 to 60% on May 1.\u00a0<\/p>\n

Fed target rate probabilities for June 18 Fed meeting. Source: <\/em>CME FedWatch<\/em><\/a><\/p>\n

Rate cut expectations have historically been a bullish catalyst for risk-on assets and Bitcoin. For example, Bitcoin rallied more than 20% ahead of the last Fed rate cut on Dec. 18, 2024.<\/p>\n

\u201cBitcoin surges back toward $95K, rebounding from bearish US GDP data,\u201d said<\/a> pseudonymous Bitcoin analyst BTCmoonmath in a May 1 post on X, adding:<\/p>\n

\u201cTraders anticipate a Federal Reserve’s easing and rate cuts in the future, despite a shrinking economy and low consumer confidence.\u201d\u00a0<\/p>\n

Focus now shifts to how the May 2 jobs report, which reveals how many jobs were added to the US economy in April, will impact the crypto market and, in turn, Bitcoin price.<\/p>\n

Related: <\/strong><\/em>Bitcoin \u2018aging\u2019 chart projects sixfold BTC price rally above $350K<\/strong><\/em><\/a><\/p>\n

What next for Bitcoin price?<\/h2>\n

Currently, $95,000 is the key level traders are watching, and many analysts believe that a sustained push through the resistance zone above this area opens the door for a swift move higher.<\/p>\n

\u201cThe price has recently surged above both key technical levels and is now attempting to consolidate within this zone,\u201d Glassnode said in its latest Week Onchain report.<\/p>\n

The market intelligence firm referred to the 111-day simple moving average (SMA) at $91,300 and the short-term holder (STH) cost-basis at $93,200. Bitcoin reclaimed these levels in the recent upward swing, highlighting the degree of strength behind the move.<\/p>\n

\u201cThese are levels that must be broken and held for further price appreciation, as a rejection of this level would push the price back into bearish territory, and return many investors to a state of meaningful unrealized loss.\u201dBTC\/USD chart showing STH cost basis and 111-day SMA. Source: Glassnode<\/em><\/p>\n

\u201cBitcoin is ready to blast through $96,000,\u201d popular analyst AlphaBTC said<\/a> in his latest analysis on X.\u00a0<\/p>\n

According to the analyst, a decisive break above $95,000 could see BTC move out of consolidation, with the next logical move being toward the $100,000 psychological level.<\/p>\n

\u201cThis is what I would like to see if Bitcoin can follow through today. A nice big squeeze into the low 100Ks.\u201dBTC\/USD four-hour chart. Source: <\/em>AlphaBTC<\/em><\/a><\/p>\n

Conversely, the analyst said that a drop below April 30 lows at $93,000 could see BTC\/USD sink deeper toward the $84,000 and $88,000 range as shown in the chart above.<\/p>\n

Fellow crypto analyst Daan Crypto Trades said added that if price consolidates without rejection and keeps grinding upward, then that should position BTC for a move higher toward the $100K region, he explained<\/a> to his followers on X.\u00a0<\/p>\n

BTC\/USD hourly chart. Source: <\/em>Daan Crypto Trades<\/em><\/a><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n

<\/p>","protected":false},"excerpt":{"rendered":"

Key takeaways: Bitcoin holds $95,000 as Fed rate cut odds rise to 60% for June 18 as US economy slumps. Breaking $95,000 could push BTC 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\u2019 cost basis. Bitcoin (BTC) is […]<\/p>","protected":false},"author":0,"featured_media":19669,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=19668"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/19669"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=19668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=19668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=19668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}