May 1, 2025

Bitcoin is about to break upwards and the odds of a Fed rate cut rise to 60%

The price of Bitcoin is set to break out of consolidation as alarming U.S. GDP data increases the likelihood of Fed interest rate cuts.

Key takeaways:

Bitcoin remains at USD 95,000 as the odds of a Fed rate cut increase to 60% by June 18 and the U.S. economy collapses.

Breaking the USD 95,000 level could push the price of BTC towards USD 100,000, while falling below USD 93,000 may cause USD 84,000 to reappear.

Key Bitcoin levels to watch remain close to the cost base of long-term holders.

Bitcoin

BTC

€86,135

is once again trying to surpass USD 95,000 on May 1, as markets price in the possibility that the Federal Reserve of the United States will cut rates sooner than expected.

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