Bitcoin
A exceeded $ 120,000 for the first time, saving the year to 28%.
BTC is currently negotiated above $ 121,000 from Midi of Hong Kong, according to Coindesk market data.
This decision follows the decision of President Donald Trump to impose a price of 30% on the EU and Mexico, from August 1, and marks an upward resolution at around 48 hours of jerky price action which allowed the exaggerated signals of the short -term indicators to reset the hatch.
The objective now moves to data on American inflation due this week, which should show that the cost of living is checked in June in the context of the Trump trade war.
According to FactstSet, economists expect the consumer price index (ICC) increased by 0.25% on a monthly basis in June, equivalent to annualized growth of 2.6%. The basic IPC, which excludes volatile food and energy, should have increased by 0.3% per month and 3% on an annualized basis.
Risk assets, including BTC, can oscillate a bit if inflation is accelerating, delaying the drop in the Fed rate. That said, the disadvantage could be limited given the strong dynamic in terms of adoption of BTC companies, ETF entries and positive regulatory prospects in the United States
According to John Glover, CEO of LEDN, the BTC rally has legs and prices could reach $ 136,000 by the end of the year.
“We finally reached new heights, which confirms that the drop to $ 96,000 at the end of June satisfied the wave (II) decline (yellow line) In the largest wave 5 (Orange line)“Said Glover in an email.
“Although this does not change the ultimate goal of $ 136,000 towards the end of this bull race, this probably reduces the time it takes to finish. I was looking for this in the first quarter of 2026 before, but it now seems to reach $ 136,000 by the end of the year,” he added.
