Bitcoin
Rose has since been $ 120,000 for the first time recorded, taking a year-to-date gain by 28%.
The BTC is currently trading above $ 121,000 to noon in Hong Kong, according to CoinDesk market data.
The step follows President Donald Trump’s decision Imagine A 30% tariff in the EU and Mexico, beginning August 1, and marked a bullish resolution with approximately 48 hours of choppy price action allowing overbought signals from short-term indicators to reset to be bullish.
The focus is now changing US inflation data since this week, which is expected to show the cost of living tched up in June against the back of Trump’s trade war.
According to the factset, Economists look forward to that consumer price index (CPI) Rose 0.25% on a monthly basis in June, equivalent to 2.6% annual growth. The main CPI, which does not include food and energy change, is expected to rise 0.3% monthly and 3% on an annual basis.
Risk owners, including BTC, can break a little if inflation is accelerated, delaying the fed rate cut. That is
According to John Glover, CEO of LEDN, the BTC rally has legs and prices can rise to $ 136,000 by the end of the year.
“We are finally broken into new highs, proving that the dip of $ 96k in late June is satisfied with the wave (ii) pullback (yellow line) Within the larger wave 5 (Orange line)“Glover said in an email.
“While it does not change the ultimate target of Circa $ 136K to complete this bull run, it is likely to reduce the time it will take to complete. I was looking for it in Q1 by 2026, but now it seems to be likely to hit $ 136K by the end of the year,” he added.
