List of Flash News about BTC to Gold ratio
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2025-07-01 19:18 |
Bitcoin (BTC) Price Prediction: Analyst Sees $200K Target as U.S. Inflation Cools and Bull Flag Forms
According to @rovercrc, softer-than-expected U.S. Consumer Price Index (CPI) data is acting as a significant bullish catalyst for Bitcoin (BTC), putting a $200,000 price target by year-end 'firmly in play,' as stated by 21Shares strategist Matt Mena. The cooling inflation report strengthens the case for Federal Reserve policy easing, with traders now pricing in approximately two rate cuts this year. Mena also highlighted that a breakout above the $105K-$110K range could accelerate the move to a summer target of $138.5K. Complementing the macroeconomic outlook, technical analysis from Omkar Godbole shows the Bitcoin-to-Gold price ratio has surged over 10%, breaking out of a bull flag pattern. This technical development signals a likely continuation of the rally and has historically correlated with sharp uptrends in BTC's dollar price. |