<ul data-eligibleForWebStory="false"><li>Bitcoin could reach $116,000 by the end of July, according to a crypto analyst who highlighted three favorable macroeconomic factors.</li><li>The factors supporting this potential increase include strong inflows into spot Bitcoin ETFs, US Federal Reserve uncertainty, and declining Bitcoin supply on exchanges.</li><li>These macro catalysts indicate institutional demand driven by long-term concerns rather than short-term momentum, potentially leading to a bullish price movement for Bitcoin.</li><li>The analyst also noted that a new Fed chair advocating for looser monetary policy could benefit Bitcoin, while the decreasing Bitcoin balances on exchanges suggest rising scarcity and upside pressure.</li></ul>

Bitcoin may tap $116K in July amid ‘perfect storm’ of macro catalysts

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