🚀The US Consumer Price Index (CPI) rose 3% in June, slightly below the market consensus of 3.1%. Although analysts consider this a positive for Bitcoin (BTC), traders are wondering why the Bitcoin price is still below $58,000. According to DaanCrypto, three factors could explain the lack of investor enthusiasm:

1. Scalpers and market makers try to liquidate long leveraged positions.

2. The sale of BTC by the German government.

3. Bitcoin miners selling their holdings due to the 50% reduction in block grants since the April halving.

Despite these factors, BTC is expected to rebound to $60,000 in the near term. What do you think? Comment below. 💬