Bitcoin breakout to $120K on radar as markets forget Fed July rate cut
Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going.Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies.Fed rate cuts seem increasingly far off despite encouraging inflation data.Bitcoin (https://cointelegraph.com/bitcoin-price
put the Fed’s September meeting as the likely occasion to deliver the next cut.“Market pricing has also adjusted accordingly, with two rate cuts now expected for 2025, down from four just a month prior,” QCP added.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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2025-05-14 15:54:11Bitcoin breakout to $120K on radar as markets forget Fed July rate cut