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Bitcoin rallies 4.37% on softer CPI, signaling potential bottom and move toward $70k-$75k range.

Market News
15 Jul 2026, 18:00 WIB
AMBCrypto
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Bullish
Bitcoin rallies 4.37% on softer CPI, signaling potential bottom and move toward $70k-$75k range.

Bitcoin surged 4.37% following a cooler-than-expected CPI report, which reduced market fears of a rate hike and boosted risk appetite. This shift is supported by rising long positions and strong on-chain fundamentals, including increased wallet holders and significant Wrapped Bitcoin outflows to DeFi. Analysts now see a realistic path for Bitcoin to break above $66k and possibly reach $70k-$75k by the end of the month, with some targeting $100k by quarter-end based on improving macro and technical factors. The rally reflects growing investor confidence and a potential end to recent volatility.

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