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Bitcoin dips as June CPI confirms sticky inflation trend: Are BTC dips for buying?

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Rising US inflation tempers investors’ interest rate cut hopes, leaving Bitcoin at a critical juncture below $120,000.

Key takeaways:

June CPI data showed rising headline and core inflation, reducing expectations of an interest rate cut in July.

Bitcoin must reclaim the $119,250–$120,700 zone to confirm bullish momentum and aim for fresh highs above $123,000.

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15h ago
bullish:

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bearish:

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