๐ Bitcoin Hits $123K: Driven by U.S. Crypto Policies & Economic Signals ๐
Bitcoin just broke past $120K, hitting highs of $123K, and itโs no coincidence. This price action is fueled by regulatory clarity in the U.S. and market anticipation of macroeconomic data.
Letโs break down whatโs really driving the surge. ๐
๐ Key Drivers Behind the Rally
๐ Pro-Crypto Legislation
The U.S. House passed several bills during โCrypto Weekโ:
Financial Innovation and Technology Act
Blockchain Regulatory Certainty Act
Clarity for Payment Stablecoins Act
Even the Anti-CBDC Act gained traction.
These moves signaled to investors: the U.S. is ready to embrace digital assets.
๐๏ธ Trumpโs Pro-Crypto Stance
Former President Trump declared the U.S. โmust lead the crypto revolution.โ
He proposed building a strategic Bitcoin reserve, adding institutional confidence to BTCโs future.
๐ Macro Data Volatility
As always, CPI/PPI release weeks = volatility.
Bitcoin typically dips right before data drops and rebounds immediately after โ we saw it again this week.
Traders are now front-running this pattern.
๐ง Market Outlook
๐ Short-Term:
With DVOL (volatility index) elevated, we could see retracements toward $117Kโ118K before another leg up.
๐ Mid-Term:
If the legislation passes the Senate and inflation cools, $130K+ is in play before end of Q3.
๐ Chart Idea (Include in Post Image)
Plot Bitcoin price (last days) with:
๐ข Green markers: legislative dates
๐ Orange markers: CPI/PPI releases
๐ต Blue line: BTC price trend
Do you think this is the beginning of the next BTC supercycle?ย
Comment your target price below ๐
#Bitcoin #BTC #CryptoNewss #USRegulation #PowellVsTtrump
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