Bitcoin Ayoun 116 thousand dollars in July with macro stimuli star-news.press/wp

Bitcoin can rise to $ 116,000 by the end of this month as three macroeconomic factors are converted to the original, according to an encryption analyst.

“I think $ 116,000 is possible,” said 10x Research Chief Research for Research Highlight Three Macro’s factors can help boost Bitcoin price this month in a report on Thursday.

Bitcoin tests the top of the range, and more upscale trend is possible

He added: “Bitcoin tests the top of its monotheism, just as the ideal storm of total stimuli begins in construction,” noting the strong rise in the flow of boxes circulating in Bitcoin exchange (ETF), the uncertainty in the United States of the Federal Reserve, and the rapid decrease in bitcoin supplies to the exchange of encryption.

Bitcoin’s step to $ 116,000 is a jump of 6.45 % of its current price of 108,990 dollars and a leap of 3.60 % of its highest level ever at 111,970 dollars, According to To CoinmarketCap data.

He referred to strong flows to the investment funds circulating in Bitcoin, which witnessed the first day of the net external flow on Wednesday after 15 consecutive days of flows, as a budget for Bitcoin.

“These flows are increasingly outperforming prices, indicating institutional demand driven by Macro’s fears more than momentum in the short term.”

Thynin said that the political pressure on the US Federal Reserve of US President Donald Trump may have been a reason for the rise in flows. In April, Trump criticized Federal Reserve Chairman Jerome Powell, saying that he was “could not come quickly enough.”

“This speech may have been an incentive for the third wave of ETF Bitcoin’s accumulation,” Thyin said.

Since May 1, the US -based investment funds in Bitcoin have recorded 9.91 billion dollars in flows, about 20 % of their total flows since its launch in January 2024, According to To Farside data.

The Federal Reserve Chair may be a new “more like price discounts”

Thielen speculation that Trump may pressure a new Federal Reserve Chair that can defend a more flexible monetary policy, which may benefit from Bitcoin.

“It might be just a matter of time before Trump nominates a new chair in the Federal Reserve more inclined to price discounts, which raises comparisons with Arthur Burns, which helped surrender political pressure in fueling the inflation of the seventies.”

Related to: Bitcoin Bulls Gain Edge, target 110 thousand dollars before the expiration of the monthly options of $ 20 billion

Thynin also indicated that Bitcoin balances in the exchange of encryption “shrink”.

“The exchange balances have now decreased for 98 consecutive days, which represents the longest decline since 2020, which has previously erupted in the Great Taurus market,” said Thillain.

“Historically, these continuous outflows indicate high scarcity and escalating upward pressure. If this pattern continues, bitcoin may pave the way for the other penetration,” he added.

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.