Bitcoin Price Outlook Amid US Inflation Data and Fed Rate Uncertainty: Key Support at $116,300
2025-07-16 09:03:11
Main Idea
The US CPI data for June showed a 0.3% monthly increase and a 2.7% annual rise, with core CPI up 0.2%, while Bitcoin faces volatility amid Fed rate uncertainty.
Key Points
1. US CPI for June increased by 0.3% month-on-month and 2.7% year-on-year, driven by higher food and energy costs.
2. Core CPI, excluding volatile items, rose by 0.2%, indicating easing prices in sectors like new vehicles and airlines.
3. BlackRock warns that persistent inflationary risks could complicate the Federal Reserve's rate decisions.
4. Bitunix analysts note Bitcoin's volatility, highlighting the $116,300 support level and $118,500 resistance as key thresholds.
Description
On July 16, the US Consumer Price Index (CPI) for June revealed a month-on-month increase of 0.3%, aligning with market forecasts. The annual CPI rose to 2.7%, primarily influenced by
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