“John Glover, CEO OF LEDN SAID THAT BTC’s Rally Has Legs and Prices Could Rise to $ 136,000 by The Year-end.”, – WRITE: www.coindesk.com
Rose Past $ 120,000 for the FIRST TIME ON RECORD, Taking the Year-To-Date Gain to 28%.
BTC is Currently Trading Above $ 121,000 as of Midday Hong Kong Time, Account to Coindesk Market Data.
(Coindesk)
The Move Follows President Donald Trump’s Decision to Impose A 30% Tariff on the EU and Mexico, Starting Aug. 1, and Marks A Bullish Resolution to Roomhly 48 Hours of Chops Price Action that Allowed OverbougHtBought Signals from Short Short-Dicators To Reset To Bullish.
The Focus Now Shifts to the US Inflation Data Due This Week, whoh is expert to show the cost of living ticked up in june against the backdrop of Trump’s Trade War.
According to Facncet, Economists Expert That Consumer Price Index (CPI) ROSE 0.25% ON MONTHLY BASIS IN JUNE, EQUATING TO 2.6% Annualized Growth. The Core CPI, WHICH Excludes the Volatile Food and Energy, is Forecast to have risen 0.3% Monthly and 3% on and Annualized Basis.
Risk Assets, Including BTC, May Woble A Bit If Inflation Accelerates, Delaying The Fed Rate Cut. That said, The Downside Could Be Limited Given The Strong Momentum in Terms of Corporate Adoption of BTC, Etf Inflows and Positive Regulatory Outlook in The Us
Accorming to John Glover, CEO OF LEDN, BTC’s Rally Has Legs and Prices Could Rise to $ 136,000 by The Year-End.
“We have Finally Broken to New Highs, WHICH CONFIRMS THAT TO $ 96k in Late June Satisfied the Wave (II) Pullback (Yellow Line) with the Larger Wave 5 (Orange Line).
“While this doesn’t change the Ultimate Target of Circa $ 136k to Complete This Bull Run, It Does Likely Reduce The Time It Will Take to Complete. I Was Previo. Likely to Hit $ 136k by Year-End, “He Added.
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