Bitcoin Consolidation Near $120,000 Amidst Fed Rate Cut Expectations

While Bitcoin has remained relatively stable around $103,000 since mid-May, traders are anticipating a break to $120,000 based on expectations of a softer Federal Reserve policy. Cointelegraph Markets Pro data shows that brief surges have reached $105,000 before retracting, while analysts point to the $108,000 level as a potential breakout trigger. Analysts are confident in Bitcoin’s long-term trajectory and expect continued upside if this consolidation holds.