{"id":53364,"date":"2025-05-01T04:23:46","date_gmt":"2025-05-01T04:23:46","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53364"},"modified":"2025-05-01T04:23:47","modified_gmt":"2025-05-01T04:23:47","slug":"bitcoin-rebounds-from-bearish-us-gdp-data-as-dip-buyers-push-btc-price-back-toward-95k","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53364","title":{"rendered":"Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K?"},"content":{"rendered":"<p>Bitcoin bulls return in force as traders shake off bearish US economic news and attempt to reclaim the $95,000 level.<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin bulls are attacking the $95,000 level again after today\u2019s brief US GDP-induced sell-off.<\/p>\n<\/li>\n<li>\n<p>Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin\u00a0<\/p>\n<div class=\"inline-block relative hover:bg-button-default\" data-testid=\"live-data-ticker\"><span class=\"text-uiSDefault text-bg-invertedWeak\" data-testid=\"live-data-ticker-symbol\">BTC<\/span><\/p>\n<div class=\"text-uiSDefault inline-flex items-center justify-center px-1 text-rose-600 text-base\" data-testid=\"live-data-ticker-price\"><span data-testid=\"change-percentage-value\">$94,778<\/span><\/div>\n<\/div>\n<p>\u00a0price knocks on the door of $95,000 after starting the NY trading session with a slight\u00a0sell-off to $92,910\u00a0following alarm-raising US GDP data, which showed the economy shrank in Q1 2025. The move mirrors a similar recovery seen in the DOW and S&amp;P 500, which bounced 0.35% and 0.15% respectively at the closing bell.\u00a0<\/p>\n<p>The quick recovery in Bitcoin price highlights the strong bid by a variety of market participants, and it lines up with the view that the April 30 GDP data could be a one-off event resulting from businesses ramping up their imports ahead of President Donald Trump\u2019s tariffs on about 90 countries.\u00a0<\/p>\n<p>While a shrinking economy and record-low consumer confidence are valid concerns for TradFi investors, the threat of a US recession also plays into crypto traders investment thesis which predicts that a variety of negative economic events will eventually force the Federal Reserve to cut rates and\u00a0issue more dollars\u00a0\u2014 a maneuver which historically has benefitted Bitcoin price.<\/p>\n<p>Current odds of a Fed interest rate cut have increased this week, from 59.8% on April 29 to 63.8% on April 30.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/019688ad-fd68-7b62-aa01-492b27f3aa48\" alt=\"\" \/><figcaption><em>Fed target rate probabilities for June 18, 2025 Fed meeting. Source:\u00a0<\/em><em>CME FedWatch<\/em><\/p>\n<\/figcaption>According to popular X trader Skew, the bounce in Bitcoin and US stocks was partially driven by \u201cpretty solid revenue beats from big US companies so far,\u201d which could also \u201cbolster some confidence in risk.\u201d\u00a0<\/figure>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/019688b0-84b8-783d-83ef-f74093cf44e0\" alt=\"\" \/><figcaption><em>BTC\/USD chart. Source: Skew \/ X<\/em><\/figcaption><\/figure>\n<p>The trader also\u00a0said\u00a0that Bitcoin\u2019s,\u00a0<\/p>\n<blockquote><p>\u201cSpot flow [was] primarily driven by passive buyers today, and price lifted with taker bid. Funding rate normalizing now after some shorts closing out.\u201d\u00a0<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><em><strong>Related:\u00a0<\/strong><\/em><em><strong>Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week<\/strong><\/em><\/p>\n<p>Currently, $95,500 is the key level traders are watching, and many analysts believe that a sustained push through the resistance zone opens the door for a swift move back to $100,000.<\/p>\n<p>It\u2019s possible that the May 2 jobs report, which will show how many jobs were added to the US economy in April, could have a slight impact on the stock market and, in turn, cryptocurrencies.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin bulls return in force as traders shake off bearish US economic news and attempt to reclaim the $95,000 level. Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today\u2019s brief US GDP-induced &hellip; <a title=\"Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53364\"><span class=\"screen-reader-text\">Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53366,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-53364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53364\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin bulls return in force as traders shake off bearish US economic news and attempt to reclaim the $95,000 level. 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