- Bitcoin made $ 99k after the fed rate decision, which extended the recovery to 32% compared to the LOS points of April.
- A market expert that is projected BTC could gather up to $ 200k if the $ 100k recover.
On May 8, during the early Asian trade session, Bitcoin [BTC] jumped to $ 99k for the first time since February. It expanded his recovery from April to 32%.
The rally happened only a few hours after the Federal Reserve kept the interest rates unchanged.
The FED supports its decision, the Fed said The labor market was solid, but inflation was still sticky.
“The unemployment rate has stabilized at a low level in recent months and the circumstances of the labor market remain solid. Inflation remains somewhat increased.”
What is the next step as BTC $ 100k win back?
Most experts now expect more reductions from Fed Rate in Q3 2025, a movement that could feed the risk-on sentiment and BTC’s extensive run. Matt Mena, crypto -research strategist at 21Shares, repeated these prospects.
In an e -mail, Mena told Ambcrypto,
“A clean break above $ 100,000 could activate a retest of all time at $ 108,500 and accelerates adoption on both domestic and global fronts, Bitcoin could push more than $ 200,000 towards the end of the year.”
Mena added that US-China Commercial conversations And the growing acceptance of BTC by nation states can further feed the value of the asset.
Source: Bloomberg
Mena even noticed that the preferred of the BTC investors has been knitted above gold after BlackRock’s Bitcoin ETF (IBIT) the most popular Gold ETF in year-to-date (YTD) streams surpassed.
Simply put, BTC could collect harder in environments at a low speed.
That said, the American investors have increased the recent recovery, as is apparent from the Coinbase Premium index that has been fairly positive in the past two weeks.
Source: Cryptuquant
In the past week alone, US Spot BTC ETFs drew $ 2 billion in inflow, which crossed YTD inflow to cross $ 5 billion.
On the three -month liquidation heat maps, BTC tapped the key for the slofidity bags of the key at $ 98k and $ 100k, which stood in line the next one. Furthermore, the $ 106k was a different liquidity zone and a potential price magnet.
At the bottom were liquidity zones at $ 93k and $ 83k and could be able to act as likely support levels in the case of a pullback.
Source: Coinglass
In general, BTC could benefit from more positive macro updates, in particular the trade interviews in the US china in the short term.
However, according to experts such as Matt Mena, the medium term also seemed positive for it, especially if the gears of the FED rates take place in Q3 2025.