#BitcoinStrategicReserveAct#  Bitcoin price targets $100,000 as rate cut probability decreases.

Geopolitical developments and the upcoming Fed rate decision increase volatility in the markets, while Bitcoin is rising again with a short-term change in direction.
Bitcoin and gold are moving in sync with macro volatility in low timeframes.
The US Federal Reserve rate decision and press conference are just hours away.
Expectations for a rate cut in 2025 have sharply decreased ahead of the FOMC meeting.
BTC experienced a sudden short-term trend change on May 7 as geopolitical triggers created a new wave of volatility in risk assets.
Bitcoin investors focused on Fed’s ‘tone changes’
Data showed BTC/USD made a sudden comeback after it broke below $94,000 to set new May lows.
Bitcoin and gold consolidated after reaching local highs of $97,700 and $3,435, respectively.
News of escalating tensions between India and Pakistan and a possible breakthrough in the US-China trade deal kept markets moving.
Investors had no time to rest, as the US Federal Reserve's interest rate decision was due later on May 7.
As previously reported, market expectations for the Federal Open Market Committee (FOMC) meeting were almost unanimously clear, but the statement and press conference by Fed Chair Jerome Powell were garnering more attention.
The market will be watching closely for any changes in their tone, which has been quite mixed recently, to either dovish or hawkish.
Keith Alan, who monitors Bitcoin order book activity, said that the pre-event liquidity was “cleared.”
“I was surprised that BTC stayed above YOU, but I wouldn’t be surprised if the price retested that range before the week is out,” Alan told his followers, referring to the $93,500 year-to-date high as a possible downside target.
“Clearly pessimistic”
In a follow-up analysis, the on-chain analytics platform noted that the likelihood of rate cuts occurring sooner in 2025 has diminished.
The probability of a rate cut at the June FOMC meeting was around 30%, which was significantly lower than in recent weeks.
“Expectations are clearly pessimistic right now,” Darkfost noted, adding:
“If the Fed were to cut in this context, it could trigger volatility and (depending on how many basis points) cause fear among investors.”