Bitcoin reached 99K USD after the Fed's decision, extending the recovery by 32% from the April low.
An expert predicts BTC could rise to 200K USD if it regains 100K USD.
On May 8, during early trading in Asia, Bitcoin [BTC] rose to 99K USD for the first time since February, extending the recovery from the April low by 32%.
This rally occurred just hours after the Federal Reserve (Fed) kept interest rates unchanged.
Supporting this decision, the Fed stated that the labor market remains strong, but inflation is still high.
"The unemployment rate has stabilized at low levels in recent months, and labor market conditions remain strong. Inflation is still high."
What happens if BTC regains 100K USD?
Most experts currently predict multiple rate cuts from the Fed in Q3 2025, which could boost risk sentiment and the upward momentum of BTC. Matt Mena, Cryptocurrency Research Strategist at 21Shares, also supports this view.
In an email, Mena told TinTucBitcoin,
"A breakthrough beyond 100,000 USD could trigger a retest of the all-time high at 108,500 USD – and if acceptance accelerates both domestically and internationally, Bitcoin could surpass 200,000 USD by the end of the year."
Mena added that U.S.-China trade talks and the increasing acceptance of BTC by countries could drive the value of this asset.
Source: Bloomberg
In fact, Mena also noted the increased preference of investors for BTC compared to gold after BlackRock's Bitcoin ETF (IBIT) surpassed the most popular gold ETF in inflows year-to-date (YTD).
Simply put, BTC could surge more in a low-interest-rate environment.
That said, U.S. investors have driven the recent recovery, as evidenced by the rather positive Coinbase Premium index over the past two weeks.
Source: CryptoQuant
In the past week, U.S. spot BTC ETFs attracted 2 billion USD in inflows, bringing the year-to-date inflows to over 5 billion USD.
On the three-month liquidation heatmap, BTC hit major liquidity points at 98K USD and 100K USD, which are the next areas. Further, the price level of 106K USD is another liquidity area that could attract price.
Below, liquidity areas at 93K USD and 83K USD could form support levels if there is a correction.
Source: Coinglass
Overall, BTC could benefit from more positive macro updates, especially in the short term with U.S.-China trade talks.
However, according to experts like Matt Mena, the medium term also looks positive for this asset, especially if there are rate cuts from the Fed in Q3 2025.
Source: https://tintucbitcoin.com/btc-va-tuong-lai-fed-lai-suat-thap-day-gia-den-200k-usd/
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