Bitcoin (BTC)ย spiked toย $119,800ย afterย President Trump delayed new tariffs on Chinese goodsย for anotherย 90 days. The move eased market tensions, but will the rally hold?

Key Market Reactions

๐ย BTC briefly touched $119,800ย before pulling back
๐ย Now testing $119,000 supportย (CME gap below)
๐ฏย All-time high target:ย $123,000ย if bullish momentum continues
Whatโs Next for Bitcoin?
1. Macroeconomic Data Ahead
๐
August 12-13: U.S. CPI & PPI inflation reports
๐น 86.4% chance of September rate cut (per CME FedWatch)
๐ Cooling inflation could boost crypto further
2. Technical Outlook
๐น CME gap at ~$119K may need filling first
๐น Resistance at $122K remains strong
๐น Fed decisions will dictate next big move