Although nothing can be predicted, if the CPI and PPI data are released next week, which will affect the Fed's interest rate and there will be a new move in the market.
CPI was released 2 days ago and was lower than expected, which made the market optimistic, as 95% believe that the Fed will cut interest rates in September. That also helped stocks and bitcoin hit all-time highs, but with the PPI data just released and significantly higher than expected. Bitcoin reacted immediately again and dropped below $118k. This index will put the Fed in a difficult position and a rate cut will be difficult to happen next month when inflation is showing signs of rising again.
Just yesterday, I was convinced that bitcoin could hit $130k by August, but with the PPI just released I'm a little worried.