What's Driving $BTC s Next Move?
Key News & Market Signals
Institutional activity is surging — Coinbase reports institutional trading now comprises around 75% of Bitcoin volume, historically a strong signal for price appreciation over the following week.
Inflation and Fed expectations are shaping sentiment:
Core CPI (July) came in higher than expected at 3.1% YoY, raising doubts about a near-term Fed rate cut.
Yet, a slight easing in headline inflation has sparked optimism about a potential rate cut in September, encouraging bullish sentiment.
Resistance remains a critical challenge — Bitcoin recently rallied near the $123K all-time high but faced strong resistance there, signaling that bearish sellers are still present.
Technical structure suggests upside potential — Some analysts point to a “volume shelf” setup, suggesting that a breakout could propel #BTC to around $131K.
Macro liquidity dynamics — On-chain data supports a potential move toward ~$200K before a cyclical top, but a strengthening U.S. dollar could impair price gains if global liquidity tightens.