Bitcoin Price Prediction: Is BTC’s CPI-Driven Jump the Start of a Recovery or Another Level to Sell?
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On July 15 US spot Bitcoin ETFs logged $181M of inflows led by BlackRock’s IBIT ($139M) as a softer-than-expected June CPI (-0.4% m/m vs -0.1% expected) lifted crypto markets and pushed BTC to $64,692. The rally cleared the 20-day EMA and ended eight weeks of outflows that removed over $4B, but Glassnode still cites $57,000–$63,000 as an ideal bottom, long-term holder selling is the fastest since late 2022, and the 50-day EMA and descending resistance are the key technical tests for near-term token performance and market impact.
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- US spot Bitcoin ETFs logged $181M in inflows Tuesday, led by BlackRock’s IBIT at $139M, with no single fund recording outflows.
- June CPI fell 0.4% month-over-month versus an expected -0.1% decline, driving BTC’s strongest single-session gain in weeks.
- Glassnode identifies $57,000 to $63,000 as the ideal bottom-formation range, with long-term holder selling at its fastest pace since late 2022.
Bitcoin trades at $64,692 on July 15, climbing after a softer-than-expected inflation reading sent price through the 20-day EMA and drew the largest single-day ETF inflow in weeks. Eight consecutive weeks of outflows that stripped more than $4B from US spot Bitcoin funds have ended, though the 50-day EMA and a descending resistance line sit directly overhead, making the next 48 hours the most important technical test since the June breakdown.
BTC Cleared Its 20-Day EMA And Now…
Read The Full Article Bitcoin Price Prediction: Is BTC’s CPI-Driven Jump the Start of a Recovery or Another Level to Sell? On Coin Edition.
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