Key points:
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Bitcoin price targets include liquidity gain at around $ 120,000.
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The inflation of American PPIs cools beyond expectations, offering relief after the hot CPI print the day before.
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BTC / USD avoids a trip to a CME deviation of less than $ 115,000.
Bitcoin (BTC) maintained a night rebound at the opening of Wall Street on Wednesday while American inflation data offered bulls a little relief.
The chances of the rate rate in July are absent despite a cool PPI
Cointelegraph Markets Pro and TradingView data have shown that BTC / USD was around $ 119,000.
Still up 0.5% during the day, the pair surfed on the promising results of the Prix Producers (PPI), which has arrived lower than expected in all areas.
“On an unresolved basis, the final request index increased by 2.3% for the 12 months finished in June. In June, a advance of 0.3% of the prices of final demand goods compensated for a 0.1% drop in the final demand services index,” said an official press release from the US labor statistics office (BLS).
Despite the increase of 2.3%, the PPI was still less than 0.2% than expected and at 0.4% lower than the increase in the previous month.
“Producers’ inflation is cooling again,” confirmed the commercial resource that Kobeissi’s letter has partly confirmed by an answer on X.
PPI has therefore contrasting strongly with the consumer price index (IPC) the day before, increasing 2.7% in annual sliding to reach the highest levels since February.
Some commentators have suggested that the federal reserve would now be even less likely to reduce interest rates, a blow to risk assets. Others, however, argued that inflation figures were far from critical, especially in the midst of the current American trade war.
“Inflation continues too cool. The only round in IPC was due to the rise in oil in June, but it returned, which will reflect next month,” said Matthew Hyland, Crypto analyst, after the IPP.
“There is no high inflation like almost all assertive experts would be here now.”
The latest data from the Fedwatch tool in the CME group nevertheless shown no suspicion of change of feeling of the market concerning rate decreases at the next Fed meeting on July 30.
Bitcoin size nearby liquidity
With regard to the action of BTC prices, market players have seen the potential of a new series of liquidity seizures.
In relation: Bitcoin ETF entries show that institutions have “doubled” on BTC at $ 116,000
$ BTC Liquidation fishing with a high lever pic.twitter.com/gwtvistpb
– Thekingfisher (@Kingfisher_Btc) July 16, 2025
While Cointelegraph continues to report it, the liquidity of the exchange order book has formed low -lasting price magnets in recent months.
On X, supervising Correglass resources, also reported liquidity up the day, its data with requests between $ 119,500 and $ 120,500.
“It looks like Bitcoin finds support just above his daily CME gap,” added Rekt Capital Trader and Analyst.
Rekt Capital referred to “the gap” left between the levels of closing and opening on the Bitcoin term markets of the CME group, which generally draws the price towards them after the training. The difference in question is between $ 114,300 and $ 115,600.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
