$BTC price is near its record high of $123,218, trading above $120,000 after the US Consumer Price Index (CPI) data came in lower than expected. This has boosted market sentiment and increased expectations of a rate cut by the Federal Reserve.
*Key Points:*
- Bitcoin is up 28% in 2025, matching Gold's year-to-date returns.
- Lower CPI data supports a potential rate cut in September, which could benefit risk assets like Bitcoin.
- There's a 98% probability of a 25 basis point rate cut in September, according to the FedWatch Tool.
- If Bitcoin closes above $120,000 daily, it may rise to a record high and potentially target $125,000+.
*Market Outlook:*
$BTC strong performance and increasing adoption, including indirect exposure by Norway's national wealth fund, suggest it may continue to rise. A rate cut by the Fed could further boost Bitcoin's price. Act now, profit later!
