TechFlow, July 3 — According to Cointelegraph, cryptocurrency analysts predict Bitcoin's price could reach $116,000 by the end of July, driven primarily by three macro factors: sustained inflows into U.S. Bitcoin ETFs, uncertainty surrounding Federal Reserve policy, and a 98-day consecutive decline in Bitcoin supply on exchanges.
Markus Thielen, Head of Research at 10x Research, noted that Bitcoin is currently testing the upper boundary of its consolidation range at around $109,000, requiring only a 6.45% increase to reach the projected target.
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