Bitcoin traders target $137K as US CPI print raises Fed rate cut odds to 94%

Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase.

Key takeaways:

July US CPI held steady at 2.7% year-over-year, boosting Fed rate cut bets to 93.9% for September.

Key price support lies between $117,650 to $115,650, with a deeper drop potentially testing a CME gap at $95,000.

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