BITCOIN PRICE FORECAST: BTC HOLDS ABOVE $105,000 AMID US MACROECONOMIC DATA RELEASE

BITCOIN PRICE FORECAST: BTC HOLDS ABOVE $105,000 AMID US MACROECONOMIC DATA RELEASE
Bitcoin (BTC) remains above $105,000 on Thursday, despite the Fed halting interest rate cuts in the US.
Glassnode reports that BTC’s current bull cycle resembles the 2015–2018 cycle, with potential for further growth driven by market euphoria.
The release of US GDP data for Q4 2024 on Thursday could introduce volatility in Bitcoin’s price.
Traders are advised to watch for possible market reactions to the upcoming macroeconomic data.