Why July 15 could be a fateful day for Bitcoin

Bitcoin continues to set new highs. As of the time of writing this review, BTC has established an ATH at the level of $118,403.

Amid the long-awaited update of Bitcoin's all-time high, participants in the crypto community shared their forecasts. We explain why many crypto enthusiasts are waiting for July 15 and where the cryptocurrency's price might head next.

The author of the popular YouTube channel COIN 22 believes that the fate of BTC and the entire digital asset market will be determined on July 15. On this day, the fresh consumer price index will be published in the USA (CPI). If the report shows a decrease in inflation, it will strengthen expectations for a reduction in the key interest rate by the Fed. Changes increase the investment attractiveness of high-risk assets like crypto.

The first rate cut could be recorded in September. The authors of COIN 22 believe that in such a scenario, the markets will soar, and BTC could repeat the trajectory of the 2020 bull run. A new round of Trump's tariff war could become the main obstacle in the way of the coin. During its peak in April 2025, bitcoin momentarily fell to $76,000.

Many participants in the crypto community agree that Bitcoin has the strength to continue the bull run. For example, analyst MartyParty pointed out the completion of the Wyckoff accumulation on the coin's chart. Now, in his opinion, BTC is moving towards $125,000. The next target could be the $160,000 level. In his forecasts, he is also guided by the assumption that Bitcoin is repeating the trajectory of M2, global liquidity. This is indicated on the chart by the red curve.

Bitcoin forecast from MartyParty

A similar opinion was shared by the CEO of ProCapBTC, Anthony Pompliano. He believes that the growth of BTC will continue because central banks do not stop printing money. Part of the liquidity that enters the market settles in crypto, thus fueling the bull run. This theory was supported by Dennis Porter, co-founder and CEO of Satoshi Action Fund.

The analyst Doctor Profit has joined the optimists. He believes that new highs await BTC ahead. He explained his point of view by stating that the coin has just emerged from a prolonged sideways movement. Now, in his opinion, the path for Bitcoin is open to a range of $120-150 thousand.

Earlier, the BeInCrypto editorial team reported that the unrealized profit of Bitcoin investors reached $1.2 trillion.

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