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 (BTC) hugged familiar territory around the May 14 Wall Street open as traders awaited fresh US macro cues. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Trader: BTC needs $108,000 reclaim for ...
Bitcoin breakout to $120K on radar as markets forget Fed July rate cut
Coin Telegraph - 14 May 2025 17:54
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 (BTC) hugged familiar territory around the May 14 Wall Street open as traders awaited fresh US macro cues. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Trader: BTC needs $108,000 reclaim for ...
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