Date: 2025-05-01
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’ cost basis. Bitcoin (BTC) 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.BTC/USD daily chart. Source: Cointelegraph/TradingViewFed rate cut will drive BTC price higherData from Cointelegraph Markets Pro and TradingView showed Bitcoin edging higher hours after dipping below $93,000 following US GDP data that reflected a shrinking economy. A contracting econom...
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