Rising US inflation tempers investors’ interest rate cut hopes, leaving Bitcoin at a critical juncture below $120,000.

Bitcoin dips as June CPI confirms sticky inflation trend: Are BTC dips for buying?

Bitcoin price started a downside correction from the $123,200 zone. BTC is now 
trading below $120,000 and might find bids near the $115,500 zone. Bitcoin 
started a fresh decline from the new all-time high near $123,200. The price is 
trading below $120,000 and the 100 hourly Simple moving average. There was a 
break above a bearish trend line with resistance at $117,300 on the hourly 
chart of the BTC/USD pair (data feed from Kraken). The pair might start 
another increase if it clears the $120,000 resistance zone. Bitcoin Price 
Corrects From New ATH Bitcoin price started a fresh increase after it cleared 
the $118,500 resistance zone. BTC gained pace for a move above the $120,000 
and $122,000 resistance. The bulls even pumped the pair above the $123,000 
zone. A new all-time high was formed at $123,140 and the price is now 
correcting gains. There was a move below the 23.6% Fib retracement level of 
the upward move from the $108,636 swing low to the $123,140 high. Bitcoin is 
now trading below $120,500 and the 100 hourly Simple moving average. However, 
the price is holding the 50% Fib level of the upward move from the $108,636 
swing low to the $123,140 high. Besides, there was a break above a bearish 
trend line with resistance at $117,300 on the hourly chart of the BTC/USD 
pair. Immediate resistance on the upside is near the $118,500 level. The first 
key resistance is near the $120,000 level. The next resistance could be 
$122,000. A close above the $122,000 resistance might send the price further 
higher. In the stated case, the price could rise and test the $123,200 
resistance level. Any more gains might send the price toward the $125,000 
level. The main target could be $130,000. More Losses In BTC? If Bitcoin fails 
to rise above the $120,000 resistance zone, it could continue to move down. 
Immediate support is near the $115,850 level. The first major support is near 
the $115,500 level. The next support is now near the $114,150 zone. Any more 
losses might send the price toward the $112,500 support in the near term. The 
main support sits at $110,500, below which BTC might continue to move down. 
Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish 
zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below 
the 50 level. Major Support Levels – $115,500, followed by $114,150. Major 
Resistance Levels – $120,000 and $122,000.

Bitcoin Price Dips — Is This the Calm Before the Surge or the Storm?

The buyback strategy may boost investor confidence, potentially leading to 
increased market volatility and speculative trading in meme tokens.
The post $PUMP surges over 20% after team reportedly buys back nearly 3 
billion tokens appeared first on Crypto Briefing.

$PUMP surges over 20% after team reportedly buys back nearly 3 billion tokens

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shatter crypto’s decentralized foundation. Massive Bitcoin Hoards by 
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the trend is fueling […]

Peter Schiff Warns: Bitcoin Treasury Strategy Is a Time Bomb of Speculation

House Speaker Mike Johnson says he’ll look to move forward with three crypto 
bills on Wednesday after some Republican lawmakers pulled support over wanting 
a CBDC ban.

House GOP plans quick re-vote on crypto bills amid CBDC dispute

XRP futures are smashing records as surging global demand propels CME volumes 
past $1.6 billion, fueling momentum for regulated crypto growth worldwide. CME 
XRP Futures Break $235M in Daily Volume, Global Interest Skyrockets CME’s XRP 
and Micro XRP futures hit a new daily record on July 11, reaching over $235 
million in notional trading volume, […]