Key points:
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Bitcoin reaches its lower $ 107,000 before heading higher as American inflation data increases the bulls.
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The strength of the US dollar suffers as inflation continues to slow down beyond expectations.
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BTC prices expectations include new heights of all time before the end of the month.
Bitcoin (BTC) rebounded almost $ 107,000 at the opening of June 12 in Wall Street while US inflation data has punished the dollar.
Us Ppi Beat Batks Bitcoin Relief Bounce
Cointelegraph Markets Pro and TradingView data showed BTC / USD Bucking per day of drawbacks after reaching $ 106,600 on Bitstamp.
The new force followed the promising figures for the American producer price index (PPI), which has come below expectations to show the lowest increase since September 2024.
This trend itself repeated the results of the consumer price index (IPC) the day before – a double rear wind for crypto and risky assets.
As Cointelegraph reported, the cooling of inflation originally gives the room of the Federal Reserve to reduce interest rates faster and earlier, which would help liquidity inputs to crypto and risk assets.
The FED remained a fellowshipman in her position on the 2025 policy, despite the demonstrations by US President Donald Trump.
An overview of the Fedwatch tool data from the CME group now shows the market price during the next Fed rate drop at its September meeting. The Federal Open Market Committee (FOMC) meeting of June 18 remains to offer no change in rate.
Due to the number of inflation, the strength of the US dollar has taken a new blow, the US dollar index (DXY) falling at its lowest levels since March 2022.
Commenting on the current mood, the commercial company QCP Capital remained focused on the American-Chinese trade agreement while concluding that the trend has generally favored cryptographic bulls.
“Despite a modest decline, the macro-conditions remain constructive for a new institutional commitment and a deployment of capital in digital assets,” he summed up in his latest bulletin sent to the subscribers of the Telegram channel.
$ 116,000 June BTC Target Prix in play
Bitcoin traders were uncertain about the short -term BTC price action after the BTC / USD fell by almost $ 4,000 in 24 hours.
In relation: Bitcoin must avoid the wick of less than $ 100,000 while merchants digest 55% of porcelain prices
“At this stage, I am quite certain that if the price breaks is the current monthly top or lower, it will continue to tend to this direction for the rest of June (and possible beyond)”, predicted in the latest analysis the popular merchant Daan Crypto planned in a part of his last analysis on X.
“Eyes on these levels.”
Previously, market players had anticipated a drop to $ 107,000, with a notorious hyperliquid merchant James Wynn providing the rebound area of the day.
“For the moment, the structure is still optimistic. Bitcoin has rejected the local offer and is now in demand of around 106-107k,” continued his compatriot Killa in his own post.
“This is a fairly important level in terms of market structure, if we cannot hold, probably fill the CME difference below.”
Killa added that he expected that new heights of all time up to $ 116,000 occur before the end of June.
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