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Bitcoin Price Prediction: Fed Flags Tariff Inflation as BTC Hits $112K

2025-07-09 22:12:59

Main Idea

Bitcoin's price surged to $112K following a symmetrical triangle breakout, driven by heavy trading volume and bullish momentum, while Bitcoin Hyper's presale raised over $2M.

Key Points

1. Bitcoin ($BTC/USD) broke out from a symmetrical triangle pattern, rising from $109K to $112K with a trading volume of $56.8 billion and daily gains exceeding 2%.

2. The breakout tested its measured target, with RSI at 78 indicating strong bullish momentum; key levels to watch are $110,550 and $109,850 for potential retests.

3. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 project, raised over $2M in its presale, priced at $0.012175, with plans for a full rollout by Q1 2025.

4. Technical analysis suggests next resistance levels at $112.8K and $113.4K, with traders favoring breakout strategies.

5. The Federal Reserve’s June minutes, released July 9, highlighted concerns about tariff inflation, which may have influenced market movements.

Description

The Federal Reserve’s June minutes, released July 9, highlighted growing concerns that tariffs could drive inflation higher for an extended period. While officials agreed to keep the federal funds rate steady, views diverged on future policy moves: some see it close to neutral, others noted a possible rate cut at July’s meeting, assuming economic data stays on track. Key takeaway: Most members believe a rate cut is likely later this year, but only if inflationary pressures ease. That said, the m...

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