CMC Markets analyst Carlo Pruscino recently highlighted that the Federal Reserve is anticipated to maintain current interest rates this month. However, an unexpected rate reduction could potentially propel Bitcoin towards a new all-time high. Market participants are closely monitoring the possibility that an earlier-than-expected rate cut might elevate Bitcoin’s price to the psychologically significant level of $112,000.
Pruscino emphasized that if the Federal Reserve implements two rate cuts ahead of schedule, it could substantially influence the trajectory of Bitcoin and the broader cryptocurrency market. This scenario reflects growing trader sentiment around a bullish price target, underscoring the sensitivity of digital assets to monetary policy shifts.
Despite having sufficient economic data to guide its decisions, the Fed remains cautious amid uncertainties stemming from trade policies. The upcoming U.S. Bureau of Labor Statistics jobs report, scheduled for June 6th, is expected to serve as a critical barometer for the Fed’s rate strategy and could directly impact Bitcoin’s price dynamics in the near term.