Key takeaways:June CPI data showed rising headline and core inflation, reducing expectations of an interest rate cut in July.Bitcoin must reclaim the $119,250–$120,700 zone to confirm bullish momentum and aim for fresh highs above $123,000.Bitcoin (BTC) price rallied to $118,400 from $16,500 on Tuesday following the release of the June US Consumer Price Index (CPI), which showed inflation rising for the second straight month. Headline CPI hit 2.7% year-over-year, the highest since February, matching expectations but up from 2.4% in May. Core CPI also ticked higher to 2.9% annually, though it came in slightly below forecasts (3%). Overall CPI rose…
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