🚀 Bitcoin Smashes $120K Barrier—$136K in Sight as Inflation Fears Mount

Bitcoin just bulldozed past $120,000—and traders are already eyeing $136,000 as the next stop. With inflation data looming, the crypto king’s rally has Wall Street’s ‘stablecoin’ brigade sweating into their spreadsheets.

### The FOMO is Real

No one’s selling. Institutions are piling in like it’s a Black Friday doorbuster. Even your Uber driver’s asking about altcoins.

### Macro Meltdown Mode

While central bankers wring their hands over CPI prints, Bitcoin’s doing what it does best: ignoring them. Gold’s flat. Bonds are bleeding. Crypto’s eating the world.

### The Cynic’s Corner

Meanwhile, traditional finance ‘experts’ still can’t decide if Bitcoin’s a hedge or a hazard—maybe because their 2% yield portfolios are getting dusted.

Bitcoin Hits Record $122K, Eyes $136K by Year-End

According to CoinDesk market data, Bitcoin briefly touched $122,055 on Monday, setting a new record high. At midday Hong Kong time, BTC continued trading above the $121,000 level, showing resilience after a brief period of choppy sideways action over the weekend.

This recent consolidation, which allowed short-term technical indicators to reset, is now giving way to renewed upside momentum.

John Glover, CEO of crypto financial services platform Ledn, remains bullish. In a market commentary, Glover stated, “We’ve finally broken to new highs, which confirms the end of the corrective wave (ii) and the continuation of the larger bullish Wave 5.”

He revised his timeline for Bitcoin’s target, now expecting BTC to hit $136,000 by year-end, as opposed to early 2026. This target, he says, is supported by wave-based technical analysis and increasing market confidence.

Tariffs and Trade Policy Drive Safe-Haven Demand

President Trump’s decision to impose a 30% tariff on EU and Mexican imports starting August 1 has added fresh volatility to global markets. While traditional markets waver, bitcoin and other digital assets are benefitting from their perceived role as inflation hedges and decentralized alternatives to fiat-based systems.

This tariff reveal is part of a broader trade strategy that has led companies and investors to reconsider asset allocation. Crypto markets have reacted positively, with Bitcoin outperforming many traditional risk assets in recent days.

Inflation Data in Focus as Traders Brace for Fed Clues

All eyes are now on the upcoming U.S. Consumer Price Index (CPI) report. The June inflation data, expected this week, could sway expectations around future Federal Reserve interest rate cuts.

Forecasts from FactSet predict:

• Headline CPI to rise 0.25% month-over-month, equating to 2.6% year-over-year growth.

• Core CPI (excluding food and energy) to rise 0.3% monthly, with a 3% annual gain.

If inflation prints higher than expected, it could delay the Fed’s anticipated rate cuts, which may introduce short-term volatility into Bitcoin markets. However, analysts believe any downside could be limited.

“Strong ETF inflows, increasing corporate Bitcoin adoption, and a favorable U.S. regulatory environment are forming a support base for BTC,” one analyst noted.

Institutional Demand and ETF Inflows Continue to Climb

Bitcoin’s price rally is also supported by billions in inflows into U.S. spot Bitcoin ETFs. Alongside this, major corporations, including publicly listed firms like Metaplanet and SharpLink, have recently made significant BTC purchases for their treasuries.

This influx of institutional interest is helping to solidify Bitcoin’s status as a mainstream asset class, reducing its previous reliance on speculative retail momentum.

As regulatory clarity improves in the U.S., more institutions are expected to enter the market, adding further fuel to the ongoing rally.

Technical and Macro Trends Align for Bitcoin Bulls

From a technical perspective, Bitcoin’s breakout above $120,000 confirms a bullish continuation pattern. The recent dip to $96,000 in late June is now viewed as a healthy correction, setting the stage for the current leg higher.

Macro conditions—such as trade tensions, elevated inflation risk, and monetary policy uncertainty—have created a perfect storm of demand for decentralized assets. This environment is increasingly favorable for Bitcoin to act as both a hedge and a growth vehicle.

Conclusion: Bitcoin Rally Has Momentum, Eyes Set on $136K

With strong macro tailwinds, technical confirmation, and rising institutional demand, Bitcoin appears well-positioned to continue its upward trajectory. Analysts, including Ledn’s John Glover, believe the next leg could take the price to $136,000 before 2026, potentially sooner if inflation remains in check and tariffs further destabilize fiat markets.

For now, Bitcoin’s break above $120,000 represents more than a price milestone—it marks a shift in how the digital asset is viewed amid changing global financial dynamics.