Bitcoin continues to consolidate just below its all-time high of $112K, holding firmly above key support at $105K despite repeated bearish attempts to push the price lower. This tight trading range reflects market uncertainty, yet the structure favors bulls as long as support levels remain intact.
Meanwhile, macroeconomic conditions are evolving rapidly. The US Congress recently passed President Donald Trump’s “big, beautiful” economic package ahead of the self-imposed July 4 deadline, signaling a new phase of fiscal stimulus marked by tax cuts and aggressive spending. Combined with strong job reports, these factors suggest inflation may soon accelerate — a trend that historically supports Bitcoin as a hedge against fiat devaluation.
On the market sentiment side, funding rates provide a crucial clue. According to top analyst
Trending: Gen. Flynn Publishes an Open Letter to Trump Regarding Epstein: ‘I Hesitated to Write This’
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!