INSUBCONTINENT EXCLUSIVE:
Key points:Bitcoin hits its anticipated $107,000 low before heading higher as US inflation data boosts bulls.US dollar strength suffers as
inflation continues to slow beyond expectations.BTC price expectations include new all-time highs before the end of the month.Bitcoin (BTC)
bounced near $107,000 at the June 12 Wall Street open as slowing US inflation data punished the dollar.BTC/USD 1-hour chart
Source: Cointelegraph/TradingViewUS PPI beat sparks Bitcoin relief bounceData from Cointelegraph Markets Pro and TradingView showed BTC/USD
bucking a day of downside after reaching $106,600 on Bitstamp.Fresh strength followed promising numbers from the US Producer Price Index
(PPI), which came in below expectations to show the lowest increase since September 2024.That trend itself repeated results from the
notionally gives the Federal Reserve room to lower interest rates faster and sooner, something which would aid liquidity inflows to crypto
and risk assets.The Fed has remained hawkish in its stance on policy for 2025, however, despite protests from US President Donald Trump.Fed
target rate probabilities (screenshot)
The June 18 meeting of the Federal Open Market Committee (FOMC) remains tipped to offer no change in rates.As a result of the inflation
numbers, US dollar strength took a fresh hit, with the US dollar index (DXY) dropping to its lowest levels since March 2022.US dollar index
Source: Cointelegraph/TradingViewCommenting on the current mood, trading firm QCP Capital remained focused on the US-China trade deal while
subscribers.$116,000 June BTC price target in playBitcoin traders were meanwhile uncertain about short-term BTC price action after BTC/USD
certain that if price breaks either the current monthly high or low, that it will keep trending that direction for the rest of June (and
Source: Daan Crypto Trades/XPreviously, market participants had anticipated a drop to $107,000, with notorious Hyperliquid trader James Wynn
Source: Killa/XKilla added that he expected new all-time highs of up to $116,000 to come before the end of June.This article does not
contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
