🚨 Bitcoin Eyes New All-Time High Ahead of Key US Inflation Data

🟠 Bitcoin is back in the spotlight, forming a strong green candle with a 3.5%+ gain in the last 24 hours and gearing up for a breakout above its previous all-time high at $123,000. After consolidating below $115,000 last week, the bulls are charging ahead with renewed momentum.

📈 The reappearance of the Golden Cross pattern on BTC’s chart is fueling analyst confidence, with targets of $130,000 and beyond in sight.

🔺 Renowned crypto analyst Benjamin Cowen forecasts a green close for Bitcoin in August, citing consistent historical trends from past post-halving years where BTC typically rallies in July and August. While a pullback could occur in September, Cowen expects a new market cycle peak by Q4 — a potential game-changer for investors.

🌐 On-chain data adds further strength to the narrative, with over 364,000 new Bitcoin addresses created daily, hitting a one-year high, according to analyst Ali Martinez. This surge in new users signals growing interest and adoption.

📢 With two crucial weeks ahead and major US inflation reports (CPI, PPI) on the horizon, all eyes are on Bitcoin — a key indicator for both crypto markets and broader economic sentiment.

#Bitcoin #Crypto #Blockchain #Inflation #MarketTrends

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