Bitcoin’s acquisitions while the Federal Reserve leaves the door open at a July cut of cut

Basic Points:

• Bitcoin holds those captures in the Middle East of the ceasefire as $ 103,000 is becoming a new area of ​​interest for “purchase of sinking.”

• BTC institutional flows hold firmly despite geopolitical uncertainty.

• Fed official Michelle Bowman said she is open to a July interest rate of interest rate should allow data.

Bitcoin (Btc) held $ 105,000 on June 24 Wall Street Open as the bullish BTC price of tailwinds suddenly increased.

Analyst: Bitcoin “Buy Dip” Level Now $ 103,000

Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD maintaining most of the 4.4% of these acquired from the day before.

The relief from the Middle East conflict in the form of a temporary ceasefire has echoed a Crypto and rally-asset rallyWhile the oil expands the losses.

For Bitcoin entrepreneurs, the signs of a recovery in the bull market are everywhere.

“Strong rally from Range lows after a huge grab and deviation,” famous businessman Daan Crypto Trades Summary In part of his latest review of X.

“Now back near the middle of the range from the past 6 weeks or more.”

Crypto trader, analyst and businessman Michaël van de Poppe described the BTC price action that experiences a “trend switch.”

“It’s up now, after we have a massive extermination of extermination that took place to sub $ 100k. It broke $ 103k and hit the next resistance,” said X followers.

“It’s time to buy a dip, so if we get $ 103k, that’s the place you want to accumulate.”

Institutional trends have remained intact, even at the height of US-Iran strikes, along with the area that continues funds that have been exchanged by the Bitcoin (ETF) exchange.

“Although the flowers are moderate, there are no major flows recorded either, which is noteworthy that the investor’s confidence signal,” the onchain analytics platform that Glassnode commented on the ETF activity.

Fed’s bowman can “support” the July cutting rate

In an additional bullish signal, the US Federal Reserve signed that it was open to lowering interest rates earlier than the markets expected.

Related: Why the price of bitcoin now?

During a Speaking In Prague, the Czech Republic, on June 23, the vice chair for Supervision Michelle Bowman said he would support a cutting rate at the July Federal Open Market Committee (FOMC) meeting.

Bowman also suggested that the economic impact of US trade tariffs may be less acute than feared.

“If upcoming data shows inflation that is constantly changing well, with upward pressures that remain limited to the prices of goods, or if we see signs that softer expenditure is sinking into the weaker conditions of the labor market, developments should be addressed in our policy discussions and visible to our consultations,” he said.

“If inflation pressure stays enclosed, I will support the decline of the policy rate once our next meeting is to approach it to its neutral setting and to maintain a healthy labor market.”

The latest data from CME Group’s Fedwatch tool It is shown that markets believe that the first of two 2025 cuts will come at the September FOMC meeting.

Number Cointelegraph reported.

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