โก BITCOIN BREAKS $65,000: CPI CHANGES THE GAME
June CPI fell 0.4% month-over-month, the biggest single-month drop since April 2020. Annual inflation: 3.5%, core 2.6%.
$BTC jumped more than 4% and surpassed $65,000, its highest level since June 22. Hours later, Japan approved reclassifying bitcoin as a financial instrument, paving the way for spot ETFs in 2027-2028 and cutting the crypto tax from 55% to 20%. All while the US hits Iran for the fourth day in a row, and the market barely reacts.
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๐ฃ BOMB FACT:
The USโs fourth attack on Iran in a week and BTC moved only about 1โ2% in each round, far from the 5% drop it was seeing with a single headline about Ormuz months ago. The market stopped treating the war as a crypto risk and now reads it as an interest-rate risk. Prediction markets give a 58% chance that
$BTC will exceed $67,500 in July.
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๐ PRICE: $65,000 ยท +4% in 24h ยท highest since June 22
๐ฏ๐ต JAPAN: Senate approves reclassifying crypto โ spot ETFs in 2027-2028
๐ CPI: -0.4% month-over-month โ biggest drop since 2020
๐จ FEAR & GREED: 25 โ extreme fear, but improving
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๐ฏ KEY LEVELS:
๐ด Support: $63,000 - $61,000 (floor from prior breakouts with Iran)
๐ก Resistance: $65,600 - already at the 3-week high
๐ข No new rate hike + Japan ETFs moving forward: $67,500 (58% prob. in July)
โ ๏ธ Iran escalates more and/or August CPI surprises to the upside: back to $61,000
๐ IN SUMMARY:
1๏ธโฃ The coolest CPI since 2020 sparks BTC to jump more than 4% in a day
2๏ธโฃ Japan reclassifies crypto as a financial instrument
3๏ธโฃ The Iran war no longer moves price like before
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Would you buy into
$BTC at $65,000 with CPI on your sideโor wait for a pullback toward $63,000 before adding? ๐
โ ๏ธ Not financial advice. DYOR.
#bitcoin #BTCโ #IPC