🚨 Market Expectation⏳

🪙 Bitcoin at $200K by Year-End Is Now Firmly in Play💹↗️, Analyst Says After Muted U.S. Inflation Data 🚀

📢 What to know:👇

Softer-than-expected U.S. inflation has likely set the stage for accelerated gains in BTC, potentially to $200,000 by year-end, according to a strategist at 21Shares.

The consumer price index rose 0.1% last month, below economists' expectations, which could prompt the Federal Reserve to ease policy.

Bitcoin's price was $108,440 at press time, with traders anticipating multiple rate cuts by the Fed this year.

Wednesday's softer-than-expected U.S. inflation has likely set the stage for accelerated gains in bitcoin 

BTC$107,709.17

, potentially to $200,000 by the end of the year, according to Matt Mena, crypto research strategist at 21Shares.

"If BTC breaks out of the $105K-$110K range with conviction, we could see a sharp move to $120K and, more importantly, reach our year-end price target of $138.5K by the end of the summer," 

( According to coindesk.com )