Well I did think we would see a price of Bitcoin of 130k in this month. But now Bitcoin is down 5 percent in this week so I do hope it is only a small correction.
Bitcoin price now is 115k. I am not sure if we will see Bitcoin make gains of 15k because August is now more then half over. But we can not know and I still am 'bullish'.
Looking at the possible opportunities in price movements, it seems that a sideways trend will continue until the end of August, with prices fluctuating between $110k and $120k. This is also evident from the global economic situation, particularly in the US, which is the main focus of financial market movements.
The $115k level acts as a strong resistance level for Bitcoin to consolidate, although we still have the $110k and $100k levels, which are significant psychological price points for Bitcoin throughout its history.
PPI data is under scrutiny due to declining confidence that the Fed will cut interest rates, but we should not focus on PPI data as the primary indicator. The Fed is still very likely to cut interest rates even if inflation rises, as the current situation is different. At worst, they will maintain interest rates.