Deep Tide TechFlow News, on July 3, according to Cointelegraph, cryptocurrency analysts predict that the price of Bitcoin may reach $116,000 by the end of July, primarily driven by three macro factors: continuous inflow of funds into the US Bitcoin ETF, uncertainty in Federal Reserve policy, and a continuous 98-day decrease in Bitcoin supply on exchanges.

Markus Thielen, Head of Research at 10x Research, pointed out that Bitcoin is testing the upper limit of the consolidation range, with the current price around $109,000, needing to rise only 6.45% to reach the predicted target.