Hey fellow crypto enthusiasts.
I've been keeping a close eye on Bitcoin's recent price action, and let me tell you - it's been a wild ride! After a 20% drop in just a month, BTC has hit its lowest point in a while, sitting at $55,000.
But here's the thing: I think this could be a turning point. With the CPI data releasing on July 11 and the potential approval of the Ethereum ETF, I'm sensing a potential rally on the horizon.
Of course, we can't get too ahead of ourselves. The medium-term outlook is still uncertain, and we need to keep an eye on the bigger picture. But for now, I'm feeling bullish.
What about you guys? Are you seeing a potential rally on the horizon, or are you more bearish on Bitcoin's prospects?
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike