According to @StockMKTNewz, Bitcoin's (BTC) trading outlook presents mixed signals. The bullish case is supported by the U.S. dollar index (DXY) falling to its lowest level since February 2022 and AI-related stock Nvidia (NVDA) hitting a record high, with the 90-day correlation between NVDA and BTC at a strong 0.80. Additional tailwinds include recession indicators such as a steepening yield curve and traders pricing in Federal Reserve rate cuts. However, BTC recently pulled back to around $106,175, with the dip attributed to weakness in tech stocks spilling over into crypto markets. Uncertainty persists as Fed Chair Jerome Powell maintains a "patient" stance on rate cuts, contrasting with other officials pushing for a July cut. Major altcoins including Solana (SOL), Cardano (ADA), and Avalanche (AVAX) also experienced significant declines.

According to @rovercrc, Bitcoin (BTC) is approaching $108,000, driven by a confluence of bullish macroeconomic signals and strengthening technicals. Key drivers include rising expectations for a U.S. Federal Reserve rate cut, as hinted by Jerome Powell, and a weakening U.S. Dollar Index (DXY), which Bitwise's Andre Dragosch called "very bullish" for Bitcoin. The crypto market is also benefiting from a strong correlation with tech stocks, as AI chipmaker Nvidia (NVDA) hit a record high, showing a 0.80 90-day correlation with BTC. FxPro’s Alex Kuptsikevich noted that BTC reclaiming its 50-day moving average signals potential for further acceleration. Meanwhile, retail and institutional demand is growing; eToro data shows 58% of U.S. retail investors are increasing crypto exposure, and LVRG Research's Nick Ruck confirms institutional purchases are picking up. Ether (ETH), Solana (SOL), and Cardano (ADA) are also showing gains, poised to follow Bitcoin's lead.

According to @MI_Algos, Bitcoin's (BTC) bullish case is gaining momentum as the U.S. Dollar Index (DXY) fell to its lowest level since February 2022, a development described as 'very bullish' for global money supply and bitcoin by Bitwise's Andre Dragosch. Further support comes from the strong positive correlation between BTC and Nvidia (NVDA), with the 90-day correlation coefficient at 0.80 as NVDA shares hit a new record high. Traditional market indicators also point to favorable conditions for risk assets; wealth advisor Kurt S. Altrichter noted that the bond market's steepening yield curve is a classic recession signal that has historically preceded bull runs. Additionally, traders are increasingly pricing in a Federal Reserve rate cut for July, with interest rate swaps showing around four basis points of easing, according to Bloomberg. Institutional adoption is also accelerating, with the Federal Housing Finance Agency ordering Fannie Mae and Freddie Mac to prepare to count cryptocurrency as a valid asset for mortgages.

According to @rovercrc, several macroeconomic factors are creating a bullish environment for Bitcoin (BTC). The probability of a 2025 U.S. recession has fallen to a low of 22% on the Polymarket prediction platform, easing investor fears. A significant driver for BTC is the U.S. Dollar Index (DXY), which has dropped to its lowest point since February 2022; Andre Dragosch of Bitwise notes this is 'very bullish' for Bitcoin. Further supporting the risk-on sentiment, AI-related stock Nvidia (NVDA) hit a record high, maintaining a strong 90-day correlation of 0.80 with BTC. While bond markets are showing some recessionary signals with a steepening yield curve, traders are increasingly pricing in Federal Reserve rate cuts for 2024, which could further boost risk assets like cryptocurrency.

According to @StockMKTNewz, Bitcoin's (BTC) price has rebounded nearly 10% from its weekend lows, bolstered by several bullish macroeconomic signals. The US Dollar Index (DXY) has fallen to its lowest point since February 2022, a development Bitwise's Andre Dragosch called "very bullish" for global money supply and Bitcoin. This risk-on sentiment is further supported by Nvidia (NVDA) shares hitting a record high; the 90-day correlation coefficient between NVDA and BTC stands at a strong 0.80. Meanwhile, indicators like a steepening yield curve and declining consumer confidence are signaling a potential recession, leading traders to price in Federal Reserve rate cuts, according to the CME FedWatch tool and Bloomberg data. In the AI sector, analysis suggests distributed compute tokens like BitTensor, Aethir, and Render, with a collective $12 billion market cap, may be significantly undervalued compared to the centralized AI infrastructure provider CoreWeave (CRWV), which boasts a $79.2 billion market cap despite recent net losses.

According to @StockMKTNewz, the long-term bullish case for Bitcoin (BTC) is gaining strength from several key macroeconomic factors. The US Dollar Index (DXY) has fallen to its lowest point since February 2022, a development Bitwise's Andre Dragosch called "very bullish" for Bitcoin. Concurrently, AI-related stock Nvidia (NVDA) hit a record high, maintaining a strong 90-day correlation of 0.80 with BTC, suggesting a continued risk-on appetite. Further supporting this outlook are recession signals, such as a steepening yield curve and a drop in consumer confidence, which are increasing trader expectations for Federal Reserve rate cuts. However, in the short term, Bitcoin experienced a pullback to around $106,175. This dip is attributed to profit-taking following a record-high monthly close and weakness in US tech stocks, alongside a cautious stance on immediate rate cuts from Fed Chair Jerome Powell.

According to @KobeissiLetter, several key macroeconomic factors are strengthening the bullish case for Bitcoin (BTC), which is currently trading around $108,100. The US Dollar Index (DXY) has fallen to its lowest level since February 2022, a development that Andre Dragosch of Bitwise described as "very bullish" for global money supply and Bitcoin. Concurrently, Nvidia (NVDA) stock reached a new record high, highlighting a strong positive 90-day correlation of 0.80 with BTC. Additional bullish signals include mounting recession indicators, such as a steepening yield curve and a drop in consumer confidence, which are leading traders to price in Federal Reserve rate cuts. Analyst firm NYDIG notes that while Bitcoin is in a low-volatility "summer lull," this environment makes options trading for directional bets "relatively inexpensive" ahead of potential market catalysts.

According to @StockMKTNewz, Bitcoin's (BTC) bullish case is bolstered by significant macroeconomic shifts, including the U.S. dollar index falling to its lowest point since February 2022, a development Bitwise's Andre Dragosch called "very bullish" for BTC. Further support comes from Nvidia (NVDA) stock hitting a record high, with the 90-day correlation between NVDA and BTC standing at a strong 0.80. However, BTC recently pulled back to approximately $106,175 after achieving its highest-ever monthly close, as weakness in tech stocks like NVDA and Tesla (TSLA) impacted crypto markets. Conflicting signals arise from the bond market, where a steepening yield curve suggests potential recession, a point highlighted by wealth advisor Kurt S. Altrichter. This is compounded by a drop in consumer confidence, as reported by the Conference Board. While traders are pricing in potential Federal Reserve rate cuts in July, Fed Chair Jerome Powell has advised patience, creating uncertainty across markets and contributing to declines in major altcoins like Solana (SOL), Cardano (ADA), and Avalanche (AVAX).

According to @rovercrc, Bitcoin (BTC) is experiencing a period of low volatility despite trading above $109,000, which presents a unique trading opportunity. Analysis from NYDIG Research indicates this decline in volatility has made options contracts, both calls for upside exposure and puts for downside protection, relatively inexpensive for traders. This environment allows for cost-effective positioning ahead of potential market-moving events in July. Concurrently, the bull case for Bitcoin is strengthening due to several macroeconomic factors. These include the US Dollar Index (DXY) falling to its lowest level since early 2022, which is historically bullish for BTC, as noted by Andre Dragosch of Bitwise. Additionally, the strong positive correlation of 0.80 between BTC and Nvidia (NVDA) stock, which just hit a record high, signals continued risk-on sentiment. Further support comes from bond market indicators suggesting a potential recession and traders increasingly pricing in a Federal Reserve rate cut.

According to @balajis, Bitcoin's (BTC) bullish case is gaining momentum, supported by several key macroeconomic factors. The US Dollar Index (DXY) has fallen to its lowest level since February 2022, a development that Andre Dragosch of Bitwise described as 'very bullish' for global money supply and Bitcoin. Further strengthening this outlook is the strong positive correlation between BTC and AI-related stock Nvidia (NVDA), which recently hit a record high; their 90-day correlation coefficient stands at a significant 0.80. Additionally, indicators are pointing towards a potential recession and a more dovish Federal Reserve. Wealth advisor Kurt S. Altrichter noted that a steepening yield curve is a historical recession precursor, while the Conference Board's consumer expectations index has dropped below a key recessionary threshold. These developments have led traders to price in a potential Fed rate cut in July, with Bloomberg reporting that interest rate swaps now reflect easing expectations.

According to @MilkRoadDaily, several key macroeconomic factors are bolstering the bullish case for Bitcoin (BTC), with some analysts now seeing a potential year-end price of $200,000. Matt Mena of 21Shares stated that softer-than-expected U.S. inflation data could be the catalyst that puts a "$200K Bitcoin by year-end... firmly in play." This sentiment is supported by the U.S. dollar index (DXY) falling to its lowest level since early 2022, a development Bitwise's Andre Dragosch called "very bullish" for Bitcoin. Further strengthening the risk-on environment, Nvidia (NVDA) shares hit a record high, maintaining a strong 90-day correlation of 0.80 with BTC. Additional market signals, including a steepening yield curve and declining consumer confidence, are increasing trader expectations for Federal Reserve rate cuts, which historically benefits assets like Bitcoin.

According to @MilkRoadDaily, the bullish case for Bitcoin (BTC) is gaining strength due to several key macroeconomic factors. The US Dollar Index (DXY) has fallen to its lowest level since February 2022, a development that Bitwise's Andre Dragosch described as "very bullish" for global money supply and Bitcoin, as it tends to encourage risk-taking. Concurrently, AI chipmaker Nvidia (NVDA) saw its shares hit a record high, maintaining a strong positive 90-day correlation of 0.80 with BTC, suggesting their price trends are closely linked. Further supporting the risk-on sentiment are signals of a potential recession and subsequent Federal Reserve easing. The bond market's yield curve is steepening, a historical recession indicator noted by wealth advisor Kurt S. Altrichter, and the Conference Board's consumer expectations index has dropped below a key recessionary threshold. Citing the CME FedWatch tool and Bloomberg, traders are now increasingly pricing in Fed rate cuts, with swaps indicating potential easing as early as July, creating a favorable environment for assets like Bitcoin.

According to @DowdEdward, while the Federal Reserve held interest rates steady as expected, its revised projections for weaker economic growth and stickier inflation are creating a bullish environment for Bitcoin (BTC). Several key indicators support this outlook for traders. The U.S. Dollar Index (DXY) has fallen to its lowest level since February 2022, a development Andre Dragosch of Bitwise called "very bullish" for Bitcoin, according to the source. Concurrently, AI-related stock Nvidia (NVDA) reached a record high, and its 90-day correlation with BTC stands at a strong 0.80, signaling a continued risk-on appetite. Furthermore, recessionary signals are emerging from the bond market, with a steepening yield curve noted by wealth advisor Kurt S. Altrichter, and a drop in consumer confidence reported by the Conference Board. These factors have led traders to price in future Fed rate cuts, which could further propel risk assets like Bitcoin higher.

According to @rovercrc, the U.S. Federal Reserve's decision to hold interest rates steady while forecasting weaker economic growth and persistent inflation is strengthening the bull case for Bitcoin (BTC). Key bullish indicators include the U.S. Dollar Index (DXY) falling to its lowest level since early 2022, a development that analyst Andre Dragosch reportedly called "very bullish" for Bitcoin. Further support comes from the strong 0.80 90-day correlation between BTC and AI-stock leader Nvidia (NVDA), which recently hit a record high, signaling a continued risk-on appetite. Additionally, recessionary signals, such as a steepening yield curve noted by wealth advisor Kurt S. Altrichter and declining consumer confidence, are leading traders to price in future Fed rate cuts, creating a favorable macro environment for crypto assets.

According to @EricBalchunas, the U.S. Federal Reserve's decision to hold interest rates steady, combined with several key market indicators, is strengthening the bull case for Bitcoin (BTC). While the Fed maintained its benchmark rate at 4.25%-4.50% and projected fewer rate cuts than previously expected, other developments are fueling crypto optimism, according to the source. The U.S. Dollar Index (DXY) dropped to its lowest level since February 2022, a move described as "very bullish" for Bitcoin by Andre Dragosch of Bitwise. Concurrently, Nvidia (NVDA) stock hit a record high, maintaining a strong 90-day correlation of 0.80 with BTC, signaling continued risk-on sentiment. Furthermore, traditional recession indicators are flashing warnings; the source cites wealth advisor Kurt S. Altrichter on the 'bull-steepening' of the bond yield curve and Conference Board data showing consumer expectations have fallen below a threshold that typically signals a recession. These factors have led traders to price in Fed rate cuts for July, according to Bloomberg data, potentially providing further tailwinds for risk assets like Bitcoin, which was trading around $104,200 following the Fed's announcement.

According to @MilkRoadDaily, the bullish case for Bitcoin (BTC) is gaining momentum due to several key macroeconomic factors. The US Dollar Index (DXY) has fallen to its lowest point since February 2022, a development that Bitwise's Andre Dragosch described as 'very bullish' for Bitcoin, as cited in the report. Further supporting this outlook, Nvidia (NVDA) shares reached a new record high, which is significant for traders given the strong 90-day positive correlation of 0.80 between NVDA and BTC. Additional recessionary signals, such as a steepening yield curve noted by wealth advisor Kurt S. Altrichter and a drop in the consumer expectations index reported by the Conference Board, are increasing market expectations for Federal Reserve rate cuts. Citing Bloomberg, the report notes that interest rate swaps are now pricing in potential easing as early as July, creating a favorable environment for risk assets like Bitcoin.

According to @StockMKTNewz, the U.S. Federal Reserve's decision to maintain interest rates has coincided with several bullish indicators for Bitcoin (BTC). While the Fed held rates steady, it also projected weaker economic growth and higher inflation for the year, creating a complex macroeconomic environment. The U.S. Dollar Index (DXY) has fallen to its lowest point since February 2022, a development considered bullish for assets like Bitcoin as it can spur risk-taking. Further supporting this outlook, AI-linked stock Nvidia (NVDA) reached a new record high, maintaining a strong 90-day correlation of 0.80 with BTC, suggesting their price movements are closely linked. Additionally, traditional recession indicators, such as a steepening yield curve and a drop in consumer confidence, are leading traders to price in future Fed rate cuts, which could further benefit risk assets including cryptocurrencies.

According to Andre Dragosch, the bull case for Bitcoin (BTC) is gaining significant strength from key macroeconomic developments. Dragosch, head of research at Bitwise, highlighted on X that the U.S. dollar index (DXY) falling to its lowest level since March 2022 has 'very bullish implications for global money supply growth and bitcoin.' This sentiment is amplified by the strong positive correlation between Bitcoin and Nvidia (NVDA), which recently hit a record high, with their 90-day correlation coefficient standing at 0.80. Further supporting a risk-on environment, bond markets are signaling a potential recession, as noted by wealth advisor Kurt S. Altrichter, who pointed to the steepening yield curve. This is coupled with a drop in consumer confidence and softer-than-expected U.S. inflation data. Matt Mena, a strategist at 21Shares, suggests these factors, especially the CPI report, could be the catalyst that puts a '$200K Bitcoin by year-end... firmly in play,' as traders increasingly price in Fed rate cuts for 2024.

According to @rovercrc, softer-than-expected U.S. inflation data has significantly strengthened the bull case for Bitcoin (BTC), with some analysts now seeing a path to $200,000 by the end of the year. Matt Mena of 21Shares stated that the cooling CPI print could be the catalyst that accelerates BTC's momentum, adding that if momentum builds, a $200K price by year-end is 'firmly in play'. Further supporting this outlook, Andre Dragosch of Bitwise pointed to the falling U.S. dollar index as 'very bullish' for Bitcoin's growth. The analysis also highlights a strong 90-day correlation of 0.80 between BTC and AI chipmaker Nvidia (NVDA), which recently hit a new record high, signaling continued risk-on appetite in related tech sectors. Additionally, traditional market indicators like a steepening yield curve and falling consumer confidence are presented as potential recession cues that could enhance Bitcoin's role in global portfolios.

According to @rovercrc, there is caution surrounding a potential Bitcoin (BTC) double top pattern forming with peaks near $110,000, but a major price crash seems unlikely without a black swan event. Katalin Tischhauser, Head of Investment Research at Sygnum Bank, stated in an interview that the current bull run is more resilient than previous cycles due to 'sticky institutional capital'. This is evidenced by over $48 billion in net inflows into spot Bitcoin ETFs, as tracked by Farside Investors. Tischhauser also suggests the four-year halving cycle's influence may be 'dead' as institutional demand, which removes liquidity from the market, now has a greater impact than miner selling. Further strengthening the bull case, Andre Dragosch of Bitwise highlighted the weakening U.S. Dollar Index (DXY) as 'very bullish' for Bitcoin. Additionally, a strong 0.80 correlation between BTC and the record-high Nvidia (NVDA) stock indicates continued risk-on sentiment, while recession signals could prompt earlier Fed rate cuts, providing another potential catalyst.