$BTC

A potential reduction in the interest rate by the Federal Reserve could boost Bitcoin prices, according to the analyst.

According to BlockBeats, CMC Markets analyst Carlo Burchino indicated that the Federal Reserve is expected to maintain interest rates this month. However, an unexpected rate cut could push Bitcoin to new levels. If the Federal Reserve lowers interest rates earlier than expected, the price of Bitcoin could rise to $112,000.

Burchino noted that if upcoming interest rate cuts happen sooner than anticipated, it could significantly impact future price trends for Bitcoin and other cryptocurrencies. Traders are currently viewing $112,000 as an important psychological target.

He also mentioned that the Federal Reserve has "sufficient data" to make its decision, but there is still uncertainty due to the tariff policies of U.S. President Donald Trump. The U.S. employment report, scheduled to be released by the Bureau of Labor Statistics on June 6, will be a key indicator for the Federal Reserve's interest rate decision and Bitcoin's price movement in the short term.