Bitcoin breakout to $120K on radar as markets forget Fed July rate cut

Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going. Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies. Fed rate cuts seem increasingly far off despite encouraging inflation data. Bitcoin (BTC) hugged familiar territory around the May 14 Wall Street open as traders awaited fresh US macro cues source: https://cointelegraph.com/news/bitcoin-breakout-120k-on-radar-markets-forget-fed-july-rate-cut?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound