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Analysis: Bitcoin Could Reach $116,000 in July Under the Influence of Multiple Macro Catalysts
Summary: According to 10x Research Director Markus Thielen, as a perfect storm of macro catalysts begins to form, Bitcoin is testing the top of its consolidation range. He pointed out that with strong inflows into spot Bitcoin ETFs, uncertainty from the Federal Reserve, and a rapid decrease in Bitcoin supply on cryptocurrency exchanges, Bitcoin could reach ...
According to 10x Research Director Markus Thielen, as a perfect storm of macro catalysts begins to form, Bitcoin is testing the top of its consolidation range. He pointed out that with strong inflows into spot Bitcoin ETFs, uncertainty from the Federal Reserve, and a rapid decrease in Bitcoin supply on cryptocurrency exchanges, Bitcoin could reach $116,000 in July. Historically, this sustained outflow of funds signals increased scarcity and upward pressure. If this pattern continues, Bitcoin may be setting the stage for another breakthrough.
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Link: Analysis: Bitcoin Could Reach $116,000 in July Under the Influence of Multiple Macro Catalysts [Copy]
