Can Bitcoin Surpass $110,000 Amid Fed Rate Cut Speculation?
Bitcoin's recent price stability around $105,000 has been buoyed by a potential interest rate cut from the Federal Reserve, encouraging a rally in both cryptocurrency and risk assets. A fragile ceasefire in the Middle East has further enhanced market sentiment.
Analysts observe that steady institutional inflows into Bitcoin reflect confidence amid geopolitical tensions. The bullish momentum is illustrated by a significant lead in call options ahead of a major expiry, with expectations of a surge towards $110,000.
Despite this optimism, cautious signals from Fed Chair Jerome Powell and potential bearish scenarios like declining hashrate could temper growth. Nevertheless, analysts suggest that a decrease in BTC inflows may indicate a stronger hold among investors, potentially paving the way for a rise to $120,000.
The press radar on this topic:
Bitcoin bulls gain edge, target $110K ahead of $20B monthly options expiry
Crypto Rally Stalls as Fed Chair Powell Signals Caution
Bitcoin’s next stop could be $120K: BTC analysts explain why
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