BTC Rally Reverses as Tariff Threats and Rate Jitters Shake Market
2025-07-15 15:20:47
Main Idea
Bitcoin's rally reversed due to geopolitical tensions and economic data dampening rate cut hopes, with traders advised to monitor key support levels.
Key Points
1. Bitcoin peaked above $123,000 on July 14 but fell to around $116,221 before stabilizing above $117,000 by July 15.
2. Geopolitical tensions, including U.S. tariff threats and the Ukraine war, were cited as reasons for the pullback.
3. U.S. June CPI forecasts indicated a 0.3% monthly increase, reducing market expectations for a near-term Fed rate cut.
4. Traders were advised to monitor the support zone between $117,000 and $116,300 for potential rebound signals.
5. Over $1 billion in positions were liquidated between July 10 and 11, with long positions accounting for the majority.
Description
After peaking above $123,000 on July 14, bitcoin fell to around $116,221 before stabilizing above $117,000 by July 15. Traders are advised to monitor the support zone between $117,000 and $116,300, as maintaining this level could lead to a rebound. Geopolitical Tensions Blamed for Pullback Hours after breaching the $123,000 mark on July 14, bitcoin
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