Bitcoin rebounded near $107,000 after a brief slip to $106,600 on June 12, 2025, driven by favorable US inflation data that weakened the dollar. The data indicated a cooling inflation rate, which came in below expectations, boosting expectations for potential Federal Reserve interest rate cuts. Analysts suggest this environment could lead to increased liquidity inflows into cryptocurrencies. Some traders are eyeing a target of $116,000 for Bitcoin by the end of June, with BTC experiencing a significant drop of nearly $4,000 within 24 hours but managing to recover. The dollar index (DXY) fell to its lowest since March 2022, further supporting bullish sentiment in the crypto market. Trading firms emphasize that the macroeconomic conditions are favorable for institutional investment in digital assets. A trader noted that Bitcoin's price is likely to trend in one direction following a break of either the current monthly high or low. Advice was given to closely monitor these levels as the month progresses.

Source 🔗