Analyst: If the Fed Cuts Rates This Month, Bitcoin Could Surge to $112,000

BlockBeats News, June 6th, according to Cointelegraph, CMC Markets analyst Carlo Pruscino stated that the Federal Reserve is expected to keep interest rates unchanged this month, but an unexpected rate cut could help drive Bitcoin to a new all-time high. If the Fed cuts rates earlier than the market expects, it could push the Bitcoin price back up to $112,000.

Pruscino said, "If the next two rate cuts arrive early, this will have a significant impact on the future price trend of Bitcoin and other cryptocurrencies. The upside target in traders' minds right now is $112,000, which is a key psychological level."

Pruscino stated that the Fed has "enough data" to make a decision, but due to Trump's tariff policy, the Fed still faces uncertainty. The US Bureau of Labor Statistics' US jobs report, set to be released on June 6th, will be a key indicator for the Fed's rate cut decision and Bitcoin's recent price trend.