Bitcoin (BTC) is exhibiting strong momentum, currently trading at $109,500** with a **2.43% daily gain**. Veteran trader **Peter Brandt** predicts a bullish breakout targeting **$140K, while Arthur Hayes warns of a potential drop to $90K ahead of major economic events. The upcoming July FOMC meeting and CPI data release are expected to fuel significant volatility.
Peter Brandt’s Bullish Outlook: Bitcoin Eyes $140K Surge
Renowned trader Peter Brandt recently shared an inverted BTC/USD chart on X (formerly Twitter), hinting at a decisive breakout. His analysis suggests Bitcoin could rally to $140,000 if the current pattern holds. Brandt’s forecast aligns with:
- Standard Chartered’s projection of BTC reaching $135K in Q3.
- Bitcoin’s correlation with the Global M2 money supply, which hit a record $55.48 trillion.
Key Metrics (as of press time):
- BTC Price: $109,500
- 24H Trading Volume: $56B (+20%)
- BTC Futures Interest: +7.28% (Coinglass)
👉 Discover how Bitcoin's M2 correlation impacts long-term price trends
Arthur Hayes’ Bearish Warning: Potential Drop to $90K
Arthur Hayes, CIO of Maelstrom, adopts a contrarian stance, predicting sideways or downward movement before the Jackson Hole symposium in August. His concerns include:
- USD liquidity pressures from Treasury General Account (TGA) replenishment.
- Risk of BTC sliding to $90K–$95K if market conditions worsen.
"Between now and Jackson Hole, the market will trade sideways to slightly lower."
— Arthur Hayes
Maelstrom has already liquidated altcoin holdings and may reduce BTC exposure further.
Upcoming Events That Could Shape Bitcoin’s Trajectory
1. June CPI Data Release
- A higher CPI could spur BTC rallies by keeping real yields low.
- Expected to influence Fed’s monetary policy decisions.
2. July FOMC Meeting
- Market anticipates a potential rate cut.
- Hawkish signals may trigger short-term dips, but dovish tones could fuel bullish momentum.
Factors Driving Bitcoin’s Next Move:
- Liquidity dynamics from Fed policies.
- Investor sentiment post-CPI/FOMC.
- Quantitative tightening moderation as a catalyst for upward breaks.
👉 Explore how Fed policies impact crypto markets
FAQ: Addressing Key Bitcoin Price Questions
Q1: Why is Peter Brandt bullish on Bitcoin?
A: Brandt cites technical breakouts and Bitcoin’s alignment with the M2 money supply as bullish signals.
Q2: What’s Arthur Hayes’ main concern?
A: Hayes worries about USD liquidity strains from TGA replenishment, potentially dragging BTC down.
Q3: How might CPI data affect BTC?
A: Higher CPI could boost BTC by sustaining low real yields, while lower CPI may dampen enthusiasm.
Q4: Will the Fed rate cut impact Bitcoin?
A: A cut could inject liquidity into risk assets like BTC; delays may cause short-term volatility.
Q5: What’s the immediate support level for BTC?
A: Brandt identifies $104K as a critical support zone post-breakout.
Conclusion: Navigating Bitcoin’s Crossroads
With divergent expert views and pivotal economic events ahead, Bitcoin traders face a high-stakes environment. While $140K** seems achievable per Brandt’s analysis, Hayes’ **$90K warning underscores the need for caution. Monitor CPI data and Fed decisions closely—these will likely dictate BTC’s next major move.
Final Thought: The path of least resistance remains bullish, but prepare for volatility as macro factors unfold.
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