Bitcoin breakout to $120K on radar as markets forget Fed July rate cut

Bitcoin breakout to $120K on radar as markets forget Fed July rate cut - WorldNL Magazine

Bitcoin is likely consolidating before its next upward push, traders agree, while the macro picture looks tricky for risk assets as the Fed stays hawkish. 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…

Precog Interval Forecast Impact in Simulated Trading

Subnet 55, Precog, tasks Bittensor miners with modeling two outputs: a point forecast and an interval forecast of the Bitcoin Price. In a previous report, we showed that Precog (Subnet 55) Bitcoin price point forecasts contained valuable information that consistently outperformed holding Bitcoin in different market environments. We repeat this analysis for a new 40 day window from April 1 to May 09, 2025 and add an adjustment to vary the trade s…

Is $120K in Sight? Analysts Say It’s Time to Wake Up

After positive tariff-related developments eased macro pressure on the markets, crypto assets experienced a short-term lift. But now, momentum has paused. As rate cut hopes for June and July fade, investors are left wondering: is this just a break—or the start of a bigger move? According to analysts tracking the charts, the broader crypto market could still surprise to the upside. Some even point to a 2021-style end-of-year rally if conditions a…

Bitcoin Eyes $120K Breakout as Market Shifts Focus from Fed Rate Cut

Bitcoin’s price has surged, with $12,000 in sight as markets shift their focus away from the Federal Reserve’s potential rate cut in July. The cryptocurrency market is anticipating a breakout above the $12,000 level, with analysts keeping a close eye on how the Federal Reserve’s upcoming decisions will impact Bitcoin’s trajectory. As Bitcoin continues its upward trend, investors are increasingly optimistic about the potential for significant gai…

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 (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/Trad…

Top 3 Crypto Price Forecasts: Bitcoin Breakout to $105K, XRP Pushes for $3

Bitcoin (BTC) has been predicted to breach a major resistance level to hit a new all-time-high together with the two biggest altcoins, Ethereum (ETH) and XRP.  Analysts believe that Bitcoin would first have to breach the $104k level, the $106k point, and the $109k zone to attain this feat.  The total crypto market valuation has printed a 1.28% gain to reach $3.36 trillion as the “Fear and Greed Index” reaches the Greed territory. According to ou…