key points:
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Bitcoin continues to be around $ 103,000 as bulls struggle to keep the struggle upside down.
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Traders favor short -term BTC price benefits, which are eventually returning, while the overall confidence in the bull market varies.
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Despite encouraging inflation data, the Fed rate cuts are increasing rapidly.
Bitcoin (BTC) hugged the familiar area around the Wall Street of May 14, as the traders waited for the US macro signals.
Trader: BTC requires $ 108,000 for breakout
Data Pro from cointelegraph markets and Tradingview The BTC price magnet showed the remaining $ 103,000.
Bulls managed another visit to $ 105,000 before another day, yet the first half of the month lacked speed after sharp gains.
Now, traders saw the consolidation before returning to instability, favoring the predictions and upside down.
All this is a big shake-out range before another break-out
Patience$ BTC pic.twitter.com/5bsutzplom
– Phoenix (@phoenix_ash3s) May 14, 2025
“Even though $ BTC looks great imo, I still stand by the fact that it probably goes backwards from here for a while, which will probably be very good news for Alts TBH,” popular trader byzantine trader has written in one of them Latest post On X.
“If BTC remains calm, Alts can speak for a while.”
Despite seeing the Bitcoin Bull Market as soon as possible, fellow trader Roman agreed that high high places would come first.
“In search of more reverse, if we can continue to consolidate here as a consolidation = continuity of trend. told X followers.
“Brake 108 resistance and 120 is possible.”
Market rate cut after CPI is “adjusted”
Macro effects were less pronounced during the day for a difference in American inflation data release.
Connected: BTC bulls get ‘biggest sign’ – 5 things to learn in bitcoin this week
A day earlier, a minimal consumer price index (CPI) print failed to spark a fresh crypto rally, on 15 May, now on the manufacturer price index (PPI) numbers.
Commenting, the trading firm QCP Capital stressed that the Hawkish policy of the Federal Reserve was determining the market expectations. Interest rate cuts would be in the first half of 2025, there would be a risk-transport telvind, rapidly price.
QCP wrote to the customers of Telegram Channel in its latest bulletin, “US CPI came down to expectations, welcoming inflation concerns and a welcome to bet on rate cuts,” QCP wrote to Telegram channel customers in its latest bulletin.
“Nevertheless, the fed remains vigilant. In his previous meeting, the authorities reiterated a data-dependent stance, which flags the tariff’s uncertain downstream effects on both unemployment and inflation.”
Data from CME Group Fedwatch tool Keep the September meeting of Fed as a possible opportunity to distribute the next cut.
QCP said, “Market pricing has also adjusted accordingly, now required to 2025 with two rate cuts, below four months ago,” QCP said.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
