Main points:
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Bitcoin price goals include taking liquidity at about $ 120,000.
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Inflation in the PPI in the United States cools beyond expectations, providing relief after printing the hot consumer price index the day before.
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BTC/USD avoids a trip to a CME gap below $ 115,000.
Bitcoin (BTCI maintained a recovery overnight in Wall Street open on Wednesday, when American inflation data provided bulls some rest.
Use of interest in July is absent despite the cool PPI
Data from Cointelegraph Markets Pro and Tradingvief BTC/USD has shown at about $ 119,000.
Still 0.5 % a day, the husband browsed the results of the promising product price index (PPI), which came in less than expected in all areas.
“On an incompatible basis, the final demand index increased by 2.3 percent for 12 months ending in June. In June, 0.3 percent progress was compensated for the final demand for a 0.1 percent decrease in the final order services index, An official press release From the American Labor Statistics Office (BLS).
Although 2.3 % increased, the product price index is still 0.2 % less than expected and 0.4 % lower than the previous month.
“The inflation of the product is cool again,” a trading resource confirmed by Kobe’s speech in part answer On x.
Consequently, the producers’ price index contrasts strongly with the printing of the Consumer Prices Index (CPI) in the previous day, 2.7 % on an annual basis To reach the highest levels since February.
Some commentators have suggested that the federal reserve will now be less likely to reduce interest rates, a blow to asset risk. However, others have argued that inflation numbers were not near the critical, especially in the midst of the continuous US trade war.
“The inflation is still very cold. Miss Consumer Prices Index was due to the rise in oil in June, but she returned down and that will be reflected next month,” Matthew Hayland analyst continued After the PPI version.
“There is no great enlargement like all experts who claimed it will be here.”
Latest data from the CME’s collection Fedwatch tool However, no hint of change in market morale has appeared in terms of price discounts at the next meeting of the Federal Reserve coach on July 30.
Bitcoin sizes in nearby liquidity
By moving to the BTC price movement, the market participants saw the possibility of making a new round of liquidity.
Related to: Offer ETF Bitcoin ETF for “doubled” on BTC at $ 116,000
$ BTC Hittage high leverage pic.twitter.com/gwtvwistpb
– TheKingfisher (Kingfisher_btc) July 16, 2025
like Cointelegraph continues to reportThe liquidity of the exchange book in the demand book has formed low -frame prices for recent months.
On x, monitoring a resource Coinglass Likewise, a mark on liquidity to the upward trend per day, Data The collections are required to offer between $ 119,500 and 120,500 dollars.
“It seems that Bitcoin finds support on the daily CME gap,” the famous trader and analysis Add.
Rekt Capital referred to the remaining “gap” between the levels Draw the price towards them After forming. The relevant gap lies between $ 114300 and $ 115,600.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
