The post Bitcoin Price Hints Breakout As US Recession Odds Hits New Highs appeared on BitcoinEthereumNews.com.

The Bitcoin price currently boasts a bullish outlook, with the odds of a US recession happening this year reaching new highs. Amid this recession, fear, and market uncertainty, crypto analyst Titan of Crypto has predicted that a BTC breakout is on the horizon, with the flagship crypto reaching new highs soon. Bitcoin Price Hints Breakout As Recession Concerns Rise In an X post, Titan of Crypto stated that the Bitcoin price is breaking out of the range and looks strong. He added that a daily close above $96,200 would confirm the move and open the door toward $99,000. In another post, the analyst predicted that the flagship crypto could rally to as high as $125,000, which will mark a new all-time high (ATH). He noted that BTC has bounced off the orange line of the Golden Ratio Multiplier and is now aiming for the blue line, which is at the $125,000 price target. This bullish outlook for the Bitcoin price comes as the odds of a US recession surge to new highs. Polymarket data shows that there is now a 62% chance that a recession will happen this year, a development that could be bullish for BTC and altcoins. It is worth mentioning that BTC is already reacting positively to this development, seeing as it has surged to the $97,000 mark today. The Ethereum price and other altcoins have also recorded notable gains. US Federal Reserve At Crossroads & What It Means For The Crypto Market Market commentator The Kobeissi Letter noted how the US Federal Reserve is currently at a crossroads, with the Q1 GDP data and PCE inflation data showing that stagflation in the country is worsening. They remarked that the US is facing rising inflation with a weakening economy, which means the Fed is “officially in a…

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Filed under: News - @ May 2, 2025 5:21 am