Bitcoin
Rose past $ 120,000 for the first time on the record, the year to date gain to 28%.
BTC currently trades over $ 121,000 from noon at Hong Kong time, according to Coindesk market data.
The move follows President Donald Trump’s decision to introduce a 30% duty on the EU and Mexico, which starts on August 1, marking a bullish decision for approx. 48 hours of chopped price action that enabled overbought signals from short -lived indicators to reset to Bullish.
The focus is now shifting to US inflation data, which is due to this week, which is expected to show the cost of living the intersection of June based on Trump’s trade war.
According to the fact, economists expect the consumer price index (CPI) rose 0.25% on a monthly basis in June, corresponding to 2.6% annual growth. The central CPI, which excludes the unstable food and energy, is expected to have increased 0.3% monthly and 3% on an annual basis.
Risk assets, including BTC, can wing slightly if inflation accelerates, as the delayed frequency cutting delays. That said, the disadvantage could be limited in view of the strong momentum with regard to business recording of BTC, ETF flow and positive regulatory prospects in the US
According to John Glover, CEO of Ledn, BTC’s Rally Ben and prices could rise to $ 136,000 at the end of the year.
“We have finally broken to new heights, confirming that dip for $ 96k at the end of June satisfied the wave (ii) Withdrawal (yellow line) Within the larger wave 5 (Orange Line)“Said Glover in an E email.
“While this does not change the ultimate target of about $ 136K to end this bull race, it probably reduces the time it will take to complete. I was previously looking for this in the 1st quarter of 2026, but now it seems it probably hits $ 136K at the end of the year,” he added.
