1133-1Bitcoin has dipped below $120,000, currently trading near $119,920—up about 1.87% in 24 hours on volatile news cycles .
1553-0A major factor: mixed U.S. inflation data. With the Federal Reserve signaling they’re approaching a neutral rate and delaying cuts, market sentiment wavers .
1757-0Adding pressure is Trump’s tariff stance—targeting Russia, which could impact global markets via inflation or geopolitical risk .
1919-0Despite this, strong fundamentals endure. Network metrics: Bitcoin miner activity is at its lowest since November 2022, and supply-demand dynamics indicate supply is now tight .
📝 How to Trade:
Expect $119K to hold as short-term support. A break below could target $108K; a rebound may retest $122–123K.
Watch inflation reports and tariff updates—these macro events are controlling BTC’s next move.