**Bitcoin Nears $70K Amid Positive Sentiment and Market Speculation**

Bitcoin is making headlines as it approaches the $70,000 mark, hitting a seven-week high on July 29. The cryptocurrency reached $69,775 during Asian trading hours, just 5.7% shy of its all-time high of $73,757 set in March.

Analyst "Titan of Crypto" predicts Bitcoin could surge to $110,000, citing a bullish cup and handle chart pattern. This optimism is fueled by recent endorsements from US presidential candidates and Senator Cynthia Lummis at the Bitcoin 2024 Conference, who discussed creating a strategic Bitcoin reserve.

Adding to the positive outlook, the Core PCE index rose only 0.1% last month, hinting at a potential interest rate cut in September. The Federal Reserve is expected to maintain current rates at their July 31 meeting, with strong signals pointing to a rate reduction later this year.

Stay tuned as Bitcoin continues to capture market attention and speculation.