WE-LaunchAnalysis: With multiple macro catalysts stacking up, Bitcoin could reach $116,000 in July.
BlockBeats News, July 3rd, according to 10x Research Director Markus Thielen, as the perfect storm of macro catalysts begins to form, Bitcoin is testing the top of its consolidation range."
He pointed out that, under the influence of three factors: strong inflows into a spot Bitcoin ETF, uncertainty from the Federal Reserve, and a rapid decrease in Bitcoin supply on cryptocurrency exchanges, Bitcoin may reach $116,000 in July. "Historically, this sustained outflow of funds heralds increased scarcity and upward pressure. If this pattern continues, Bitcoin may be setting the stage for another breakout."
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