Bitcoin price about to ‘blast’ higher as Fed rate cut odds jump to 60%

Bitcoin’s price is ready to break out of consolidation as alarming US GDP data increases chances of Fed interest rate cuts.

Key takeaways:

Bitcoin holds $95,000 as Fed rate cut odds rise to 60% for June 18 and the US economy slumps.

Breaking $95,000 could push BTC’s price toward $100,000, while dropping below $93,000 may bring the $84,000 back into the picture.

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