The crypto market has started July on a bearish note, with Bitcoin and Ethereum experiencing losses due to various market-shaking events. However, the upcoming CPI data release on July 11 could potentially change the narrative. Crypto analyst CrypNuevo predicts a rate cut, leading to an aggressive price increase. The Bitcoin price is expected to fill the $53,400 wick, potentially bouncing back to $60,000. Stay informed and do your own research!