Bitcoin’s rally gained fresh momentum after the latest U.S. Consumer Price Index (CPI) data showed inflation holding steady at 2.7% in July. The figure matched June’s reading and came in below the 2.8% forecast, giving traders confidence that inflation is staying under control. Meanwhile, a new coin, MAGACOIN FINANCE, is gaining the attention of large buyers in the market. Latest Development Driving the Surge The news drove Bitcoin to its Monday high of $122,190 before sellers came in and pulled the price down three percent to $118,500. The dip failed to suppress Bitcoin, which was soon able to recover to almost $119,500, with the $120,000 threshold still in sight. One of the important indications of the next thrust would be a daily close above a figure of $119,982. Technical signals continue to suggest the possibility of a bull run. An earlier breakout of a flag pattern this week indicates that the most recent dip was a healthy retest prior to continuation. Market analysts envision an end-year target of $137,000, with a declining trendline breakout noted on Sunday. A break above 120,000 would not just be a psychological break but the first of its kind in the history of Bitcoin, which could potentially lead to the next leg in the current rally. Unless Bitcoin reclaims the $120,000 mark, analysts fear short-term pressure with support at $117,650 and $115,650. MAGACOIN FINANCE Draws Early Interest from Professional Traders Experienced traders are adjusting positions to add MAGACOIN FINANCE prior to its possible breakout. Although Bitcoin steals the show, people regard MAGACOIN as a distinct presale project that has received a select number of community supporters and innovative tokenomics. The presale is already picking up momentum with consistent activity on the blockchain and an increasing number of dedicated investors. Conclusion Bitcoin’s battle around the $120,000 mark is more than just a price story—it sets the tone for the rest of the market. A definite breakout will spark not only the top cryptocurrency but also a series of altcoin surges. Although BTC is well-established, MAGACOIN FINANCE is making quite a name by being one of the hottest presale tokens in 2025. The next few weeks could be crucial to traders who are monitoring the two coins. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Bitcoin Holds $120K as Analysts Target $137K Year-End Surge — Altcoins Ready to Follow
