Bitcoin price pumps, but will BTC break $92K anytime soon?

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Coin Telegraph 2d ago

Bitcoin price pumps, but will BTC break $92K anytime soon? - Coin Telegraph

Quick Summary:

Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur HayesSource: DexyyDxCritics argue that Strategy has been the primary factor supporting Bitcoin’s $80,000 level, posing a risk of price corrections if the company fails to raise additional funds or pauses its stock issuance program for any reason.

Source: TradingView / CointelegraphSome analysts attribute Bitcoin's recent price gains to the US-listed company Strategy increasing its BTC reserves, while others highlight macroeconomic factors, such as easing inflation expectations and a softer stance from US President Donald Trump on tariffs.

Source: CME FedWatch tool / CointelegraphIf confirmed, the softer inflationary trend would support Federal Reserve Chair Powell's remarks on transitory inflation and increase the likelihood of two interest rate cuts in 2025, as reflected in the Treasury futures market.