Bitcoin Price Poised for Breakout as Fed Rate Cut Odds Soar
Bitcoin price is currently holding strong at $95,000 as the odds for a Federal Reserve rate cut rise sharply to 60% for June 18. This increasing likelihood is due to the current slump in the U.S. economy. If Bitcoin breaks above $95,000, analysts expect the price could soar toward the coveted $100,000 mark. Conversely, should the price fall below $93,000, it may bring the $84,000 support level back into play. Traders and investors are keenly observing these movements, as they could indicate significant volatility and opportunities in the crypto market. The ongoing economic conditions and central bank policies are influencing Bitcoinโs trajectory, creating an environment of heightened anticipation.