Bitcoin pushes for $98K as 2025 Fed rate cut odds flip ‘pessimistic’

Bitcoin pushes for $98K as 2025 Fed rate cut odds flip 'pessimistic'

Table of Contents

Main points:

  • Bitcoin and Gold Trade in Lockstep on low time frames with high macro fluctuations.

  • The interest rate decision in the Federal Reserve and the press conference just hours away.

  • Market morale decreased for price discounts in 2025 sharply before the FOMC meeting.

Bitcoin (BTCIt witnessed a short -term trend change on May 7, when geopolitical operators gave risk origins a new volatility.

BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView

Traders Traders Bitcoin feeds on “tone changes”

Data from Cointelegraph Markets Pro and Tradingvief He showed a sudden shift for BTC/USD after the husband dropped less than $ 94,000 to set his lowest level in May.

On the previous day, the Wall Street trading session took place at the stage Return to strengthEven with less finances.

Xau/USD 4 hours graph. Source: CointeleGRAPH/TradingView

Bitcoin and Gold reached its highest local levels of $ 97,700 and $ 3,435, respectively, before monotheism.

The news of the tensions that boil between India and Pakistan, as well as the potential progress in the commercial deal of the United States of China, have kept vital markets.

Traders had no time to relax, with the interest rate of the Federal Reserve later on May 7.

While the market expectations for the Federal Open Market Committee meeting (FOMC) was practically unanimous, such as Cointelegraph mentionedThe Federal Reserve’s statement was to show Jerome Powell and a press conference more interested.

“The market will be keen to monitor any Duofish changes or honesty in its accent, which has been very mixed recently.” summary In an ongoing X analysis besides the data from the CME’s collection Fedwatch tool.

The possibilities of targeted interest in the Federal Reserve for the May 7 FOMC meeting. Source: CME Group

Examine the activity of Bitcoin requests, Keith Alan, co -founder of commercial resource materials indicators, He said The nearby liquidity was “removed” before the event.

He told X their followers: “The sudden, cheerful BTC that was placed over you, but will not be surprised if the price is around the range before the weekend,” referring to the annual open level at 93,500 dollars. Possible negative goal.

BTC/Usdt request book data. Source: Keith Alan/S

“Clearly pessimistic”

Constant, Darkfost, contributing to the Onchain analytics Cryptoquant platform, indicated that the probability of price cuts soon in 2025.

Related to: Bitcoin can gather regardless of what FOOC Federal Reserve decides this week: this is the reason

At the time of writing this report, the FOMC meeting in June had decreased the risk of price reduction about 30 % – significantly less than in recent weeks.

“The expectations are clearly pessimistic at the present time,” conclude.

“If the Federal Reserve decides to reduce prices in this context, this will lead to volatility and fear and fear of investors (depending on the number of BPS).”

Comparison the possibility of the target rate FED for the June 18 FOMC meeting. Source: CME Group

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.