US debt is “crisis model” Bitcoin price increase TTO $123,000


Bitcoin (BTC) Make history because the third week of July starts at $120,000 per coin.

  • The price intensity of BTC shows no signs of a reversal as $123,000 was first seen after the end of each week.

  • Despite the huge dollar figures, July’s earnings are still in percentages.

  • At the dawn of the US CPI, dark clouds shrouded in the fate of Jerome Powell, the Federal Reserve chair.

  • Analysts say that the United States’ deficit dilemma is getting higher and higher.

  • Bitcoin’s advantages show weakness, while altcoins are more than happy to get slack.

Bitcoin trader’s eyes next BTC price is the highest

Celebration is everywhere this week BTC/USD First pass $120,000 In a huge surge.

Now, the all-time high is $122,600, with weekly candle locked to $10,000 upside, data Cointelegraph Markets Pro and TradingView confirm.

BTC/1 hour chart. Source: Cointelegraph/TradingView

After two months of merger, the price found to be thick and fast, but commentators already wondered how much fuel is left in the Bitcoin tank.

“This huge cup and handle pattern has been developed on the $BTC chart for 44 months, and now the price is only 2% with the target I set when it was first established in May 2024,” Keith Alan, co-founder of the Trading Resource Materials Indicator, wrote in a co-founder of a partially traded resource material indicator Post on X.

Alan has since admitted that “a lot of changes have happened” and Bitcoin as a macro asset is completely different.

“So, I believe the price will be higher before we reach the top of the cycle,” he added.

BTC/USD 1 week chart. Source: Keith Alan/X

Among traders, upside targets are equally limited, with the popular Pundit Bitquant sticking to his $145,000 target.

“$BTC will hit $135,000 in the third quarter,” continued trader Cas Abbe.

“It takes a weekly weekly, and it takes $1.077 million per week. After that, $BTC pulled $10,000 in a week and still showed no signs of fatigue. I think the rally goes to $120,000, and then some mergers, then some pumps, and then pumps to $135,000.”

BTC/USDT 1 week chart. Source: Cas Abbe/X

July like everyone else?

While impressive in the dollar way, the percentage gains of BTC/USD add some much-needed environment to the rally.

So far, Bitcoin’s stock has risen by less than 14% in July, which is actually quite typical.

From Small shop Over the past decade, July has generated more than 20% growth, while the third quarter has seen more and more performance.

August, on the other hand, often ends in a “red” month.

BTC/USD monthly income (screenshot). Source: Xiaodian

Most price performance tends to happen faster than in monthly candles. This is also true for other assets including U.S. stocks.

“July is often a strong month, but most earnings happen in the first half of the month,” Ryan Detrick, chief market strategist at Carson Group, Write About the S&P 500 this weekend.

“This is not the end of the world, but at some point it will be totally normal for some mergers over the next two weeks.”

S&P 500 performances. Source: Ryan Detrick/X

Detrick noted in another article that the Standard & Poor’s in May and June this year were compared with the 1987 Black Monday Crash Year.

CPI Week is Fed’s Powell’s call in response to resignation

The key week for U.S. inflation data is printed on the June Consumer Price Index (CPI) and Manufacturer Price Index (PPI) under a microscope.

Initial unemployment claims and June import prices increased throughout the week by senior Fed officials.

There are two weeks at the next Fed meeting, inflation data is increasing the market’s weight. CME Group confirms that sentiment still believes rates won’t drop before September FedWatch Tools.

Feeding target probability (screenshot). Source: CME Group

Meanwhile, Fed Chairman Jerome Powell, who maintains a hawkish economy, is under pressure from U.S. President Donald Trump.

“I call him ‘too late;’ he’s always too late,” Trump Tell The reporter referred to the speed at which the Federal Reserve lowered rates on July 13, which he believed should be the lowest in the world.

Trump continued: “You told me he was resigning; I hope he resigned, but he should resign because he was very bad for the country.”

As Auxiliary device reportSome Fed sources have indicated the openness of lowering interest rates this month, including overseeing the vice-chairman of Michelle Bowman, who will take office again on July 15.

US debt inspires Bitcoin’s “crisis model”

However, behind the inflation debate, the U.S. macro threat is developing a greater plasticity – a threat that is directly compared to Bitcoin’s performance this month compared to other assets.

The U.S. deficit is surging, with May representing its third-highest monthly figure ever at $316 billion.

Despite all the buzz on trade tariffs and payments, the U.S. continues to be more debt-as it shows Record the treasury bond numbers.

U.S. National Debt Data (Screen Screenshot). Source: U.S. Debt Clock

Analyzing the situation, the transaction resource Kobeissi letter did not weaken its speech.

“This is not ‘normal’. We’ve reached the point where Bitcoin moves straight in line with a higher literal.” x thread July 14.

“The rates are up, the dollar has fallen by -11% in 6 months, and the cryptocurrency has risen by +1 trillion in 3 months. What happened? Bitcoin has entered ‘crisis mode.'”

Total crypto market value 1 month chart. Source: Cointelegraph/TradingView

Kobeissi highlights Bitcoin and Dollar Weakness: April’s reciprocity tariff delay and the “big bill” passed by Trump this month.

It continues: “And, Bitcoin seems to be in the trade deal.”

“But, the market sees the same result regardless of whether the trade deal is announced or not: yields are rising, bitcoin is rising, dollar is falling, gold is rising. This is not a “normal” situation at all.”

USD Index (DXY) 1 week chart. Source: Cointelegraph/TradingView

The world’s grand storm Long-term tilt To benefit BTC, the M2 currency supply enters new territory earlier this month.

The battle for Bitcoin’s advantage intensifies

Bitcoin’s dominance over the entire cryptocurrency market, its route is constantly changing, and hopes that altcoins can take advantage of the remaining gap.

Related: According to the “Power Law” model, Bitcoin Christmas rally is $200k or $300,000

After reaching 66% in late June, BTC’s advantage dropped below 65%, briefly hitting a month’s low before rebounding.

Bitcoin’s existence is at a critical stage. As Auxiliary device reportHistorical patterns show that once dominance reaches 70%, its upward trend reverses and gives way to what is commonly known as “altseason”.

However, so far, this cycle has given Alt traders little precious comfort.

“I know BTC’s dominance has been hit, but I think it will be more dominant in late October (similar to 2017, 2019, 2023, 2024, etc.),” Benjamin Cowen, founder and CEO of Analytics Resources predict This week.

Still, popular trader and analyst Rekt Capital sees some early signs of turnaround.

“Bitcoin advantage fell only -2.5%, and a large number of altcoins performed well. That’s not much.” debate On the weekend.

“Only imagine what happens when the dominance of $BTC finally encounters a double-digit situation.”

Bitcoin Crypto Municipal Capacity 1 Day Chart. Source: Cointelegraph/TradingView

Commentator Matthew Hyland holds a similar idea.

“BTC’s dominance isn’t even sneezing, and Alts is tearing.” Tell X followers last week.

Several major Altcoins stand out in the weekly timeframe, beating Bitcoin’s earnings. These include the largest altcoins (eth), for the first time since February, returning over $3,000 to return $20%.

ETH/USD 1 week chart. Source: Cointelegraph/TradingView

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.