#Bitcoin Price Targets New All-Time High as CPI and PPI Reports Loom — $130K Within Reach?

Bitcoin ($BTC ) is on the move again, with the world’s largest cryptocurrency charging higher as traders brace for a week packed with market-moving U.S. economic data. After briefly climbing above $122,000, Bitcoin extended its multi-day rally, sparking speculation that a decisive breakout past its all-time high could be imminent.

The timing could prove critical. With Consumer Price Index (CPI) and Producer Price Index (PPI) readings scheduled for release this week, both inflation expectations and monetary policy outlooks are in sharp focus. These reports are poised to influence the Federal Reserve’s next interest rate decision — and by extension, Bitcoin’s trajectory into year-end.

Inflation Watch: #CPI and #PPI to Set the Tone

Economists are forecasting July CPI to show a modest but meaningful uptick, with tariff-driven costs beginning to feed into consumer goods prices. The PPI data, due shortly after, will offer a forward-looking view of inflation pressures at the wholesale level.

A stronger-than-expected reading could fuel the narrative of Bitcoin as a hedge against inflation, while softer data might support the case for more aggressive Fed rate cuts — another factor historically supportive for risk assets like BTC.

Technical and Historical Tailwinds Align for Bitcoin

After spending much of last week consolidating near $115,000, Bitcoin’s momentum shifted sharply. The catalyst: a golden cross formation — when the 50-day moving average crosses above the 200-day moving average — a widely followed bullish signal in technical analysis.

Market strategist Benjamin Cowen notes that historically, every post-halving year has seen Bitcoin strengthen in late summer, often setting new highs in the final quarter. If the pattern holds, BTC could be entering the most bullish stretch of its 2025 cycle.

Bullish Target: $130,000 — a clean break here could trigger momentum buying.

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