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🚀 Bitcoin Analysis Today: Has the Uptrend Started Again?
Date: July 11, 2025
Today, Bitcoin (BTC) has experienced notable movements amidst the ongoing anticipation in global markets, especially after the release of new economic data from the United States. Are we witnessing the beginning of a new upward wave, or is the current movement just a temporary rebound? Let’s review the key developments.
🔍 Current Price
Price: $64,750 (up 2.3% in the last 24 hours)
Market Cap: Over $1.27 trillion
Daily Trading Volume: Exceeded $28 billion
🧠 What’s Driving the Market Now?
1. U.S. Inflation Data: Today, the Consumer Price Index (CPI) data was released, showing a slight slowdown in inflation, which boosted hopes for a reduction in the pace of interest rate hikes by the U.S. Federal Reserve.
2. Renewed Institutional Interest: Reports indicate continued institutional buying through approved ETFs in the United States, increasing the confidence of large investors.
3. Technical Analysis: Bitcoin broke a technical resistance at $63,500, which may open the door for a rise towards the $67,000 level in the coming days, provided support remains above $62,000.
