My people! What's up, friends! Look at this thing that's happening with our beloved Bitcoin. BTC has been on pause for almost a week, trapped between $107,000 and $110,000! 😫 But, watch out! There are some strong movements coming in the U.S. economy that could shake everything up.
Is the Fed turbocharging Bitcoin? 🌪️
Everyone is keeping a close eye on two key dates, as if it were a novel: the publication of the Federal Reserve minutes on July 9 and, the most anticipated, the FOMC meeting on July 30. Although most people are not expecting a rate cut right now, inflation is falling like crazy! 📉 This has people speculating whether the Fed suddenly changes its mind and gives us a surprise. It would be insane!
Inflation is going down! 📉
Imagine that Truflation data shows that inflation in the United States has plummeted from 2.27% to 1.70% in less than two weeks. It's crazy! And this is just before the official CPI data comes out on July 15. If those numbers confirm that inflation continues to drop, markets will go wild, and the probability of a surprise rate cut will skyrocket! 💥
Right now, almost no one believes there will be changes this month; 95% of experts say the rate will stay the same. But if the Fed drops any hints in the minutes from July 9 and inflation continues to cool down, we could be looking at a rate cut in September! 61% of analysts are already anticipating it. So, we need to stay sharp! 👀
Bitcoin ready for takeoff 🚀
And speaking of Bitcoin, technically it looks like it's preparing for something big! In the 4-hour chart, there seems to be a "bullish flag" indicating that BTC could rise nearly 5% if it breaks the barrier of $108,547. If that happens, it could reach a new all-time high near $113,913! 📈 Indicators like the RSI and the Awesome Oscillator are turning more in our favor, which means that sellers are losing strength. They've run out of gas!
In summary, if inflation data surprises us and people start talking more about a rate cut, Bitcoin could soar like a rocket! But if everything stays the same, BTC will just be there, dancing in the same range until the end of July. Let's stay alert!$BTC
