Bitcoin is holding firm near $95K as traders increasingly bet on a Fed rate cut at the June 18 FOMC meeting. The odds just hit 60%, fueled by weak U.S. GDP data and growing recession fears.
A solid break above $95K could send BTC straight toward $100K. But dropping below $93K might trigger a deeper fall toward the $84K–$88K zone.
Key levels to watch:
– $93.2K (short-term holder cost basis)
– $91.3K (111-day SMA)
Analyst AlphaBTC says BTC looks ready to breach $96K and enter breakout mode. Historical data shows rate cut expectations often act as a bullish catalyst for Bitcoin.
All eyes now turn to the May 2 jobs report—could weak employment data be the spark?
Breakout coming—or another fakeout?
Let’s hear your take 👇
