Basic Points:
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Bitcoin continues to range around $ 103,000 as the bulls struggle to maintain the reversed momentum.
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Entrepreneurs favor short-term BTC prices that eventually return, while general faith in the bull market varies.
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Fed rate cuts seem to move away despite encouraging inflation data.
Bitcoin (Btc) embraced the familiar territory around the May 14 Wall Street Open as entrepreneurs are waiting for fresh US Macro Cues.
Trader: BTC needs $ 108,000 reclaiming for breakout
Data from Cointelegraph Markets Pro and Tradingview showed $ 103,000 left to a BTC price magnet.
The Bulls managed another journey to $ 105,000 the day before, with momentum that however was lacking after gains intense throughout half the month.
Today, entrepreneurs have combined the integration before returning to volatility, with predictions favored further upside down.
It’s all just a big scope of shake before another break-out 📈 again
Patience$ Btc https://t.co/t9vnusoqa pic.twitter.com/5bsutzplom
– Phoenix (@phoenix_ash3s) May 14, 2025
“Although the $ BTC looks great IMO, I’m still standing on the fact that it’s probably been moving from here for a while, which would probably be great news for Alts TBH,” the famous Byzantine businessman wrote to one of his Latest posts In X.
“If the BTC remains calm, then Alts can do their own thing a bit.”
In spite of seeing bitcoin The not loving in the bull market Earlier than the latter, fellow entrepreneurs said that the higher the higher.
“Looking for more upside down if we can continue to combine -Is with it as integration -Sama = continuation of trend. Yes my views on Macro believe that $ BTC bull is close but there is still a few rooms for short term,” said X followers.
“The resistance of 108 and 120 is possible.”
Market cut rates “adjusted” after CPI
Macro influences are less pronounced during the day thanks to a space in the release of US inflation data.
Related: BTC Bulls get ‘biggest signal’ – 5 things to know in Bitcoin on Sunday
The day before, a lower-than-anticipated consumer price printing (CPI) Failed to spark A fresh crypto rally, with now eyes on the prices of the price producer (PPI) as a result of May 15.
Commenting, the trading firm QCP Capital emphasized that the federal reserve hawkish policy dictates market expectations. Interest rate cuts in the first half of 2025, a risk-asset tailwind, is increasingly priced.
“The US CPI has come below expectations, providing a welcome in cautioning inflation concerns and strengthening bets on rate cuts,” QCP wrote in its latest bulletin to Telegram channel subscribers.
“However, the Fed remains careful. At its last meeting, officials reiterated a data-dependent stance, flagging the uncertain effects of tariffs on both unemployment and inflation.”
Data from CME Group’s Fedwatch tool Put the September meeting of Fed as likely occasion to deliver the next cut.
“Pricing on the market is also adjusted accordingly, with two deductions today expected for 2025, down from just four months before,” the QCP added.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
