Bitcoin dips as June CPI confirms sticky inflation trend: Are BTC dips for buying?
Rising US inflation tempers investors’ interest rate cut hopes, leaving Bitcoin at a critical juncture below $120,000.
Key takeaways:
June CPI data showed rising headline and core inflation, reducing expectations of an interest rate cut in July.
Bitcoin must reclaim the $119,250–$120,700 zone to confirm bullish momentum and aim for fresh highs above $123,000.