key points:
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Bitcoin price goals include taking liquidity at $ 120,000 of $ 120,000.
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The US PPI inflation is beyond the expectations, providing relief after printing the first day of hot CPI.
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BTC/USD avoids traveling cme gap below $ 115,000.
Bitcoin (BTC) maintained overnight rebound at the Wall Street Open on Wednesday as US inflation data provided some relief to the bulls.
July Fed Rate-Cut Auds absent despite cool PPI
Data Pro from cointelegraph markets and Tradingview Shown BTC/USD hovering for about $ 119,000.
Still 0.5% a day, the pair surfed the results of the promising manufacturer price index (PPI), which was lower than anticipated in the board.
“Depending on an unknown basis, the index for final demand increased by 2.3 percent for the 12 months ending in June. In June, the price of 0.3 percent in prices for final demand goods offers a 0.1 percent decrease in the index for final demand services,” A. Official press release Confirmed from the US Bureau of Labor Statistics (BLS).
Despite increasing 2.3%, PPI was still 0.2% less than expected and 0.4% less than earlier month.
“Manufacture feedback On X.
Thus the PPI printed with the Consumer Price Index (CPI) a day earlier, increased by 2.7% year-on-year to reach the highest level since February.
Some commentators suggested that the Federal Reserve would now be less likely to reduce interest rates, a blow to the risk property. However, others argued that the number of inflation was not important between the especially the ongoing American trade war.
Crypto analyst Matthew Highland said, “Inflation is very good. Only one Miss in CPI was due to increasing oil in June, but it is back which will reflect next month,” Crypto analyst Matthew Highland Ongoing PPI after release.
“There is no high inflation as almost all experts claimed that it would be here till now.”
Latest data of CME Group Fedwatch tool Nevertheless, the upcoming meeting of Fed on July 30 showed no sign of a change in market spirit about the rate cut.
Bitcoin shapes the liquidity near the size
Turning to BTC price action, the market participants saw a new era capacity of liquidity tombs.
Connected: Bitcoin ETF Inflow Show Institutions ‘Double Down’ on BTC at $ 116K
$ BTC High leverage liquidation fishing pic.twitter.com/gwtvwistpb
– TheKingfisher (@Kingfisher_BTC) 16 July, 2025
As cointelegraphs continue to report, the exchange order-book liquidity has formed a low-timeframe price magnet in recent months.
On X, Monitoring Resources Coalus Similarly, on the day the upside was flagged off data Showing that the cluster between $ 119,500 and $ 120,500 was done.
“It seems that Bitcoin is getting support just above his daily CME gap,” popular merchant and analyst REKT Capital couple,
Rekt Capital referred to the “gap” left between the CM Group’s bitcoin futures markets, which usually draws values towards them after formation. The difference in question is between $ 114,300 and $ 115,600.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
