Bitcoin (BTC) price prediction: The market ignores Trump's tariff threats, and BTC spot ETF has seen inflows for five consecutive days.

Bitcoin (BTC) soared to a historic high of $112,040 on July 9. Hopes for regulatory frameworks continue to rise, and more importantly, the minutes from the Federal Reserve FOMC meeting have boosted demand for Bitcoin and the broader Crypto Assets market.

The FOMC meeting minutes alleviated concerns about Trump's tariffs exacerbating inflation and delaying interest rate cuts, stating: "Most participants believe that a modest reduction in the federal funds rate target range may be appropriate this year, and noted that the upward pressure on inflation from tariffs may be temporary or moderate, while medium- to long-term inflation expectations remain stable, or that economic activity and labor market conditions may exhibit some degree of softness."

It is worth noting that the meeting minutes also indicate that if the data meets their expectations, some participants will consider lowering interest rates in July.

The U.S. Bitcoin spot ETF market has seen inflows for five consecutive days

The expectation of a rate cut by the Federal Reserve in the third quarter has also boosted demand for Bitcoin spot ETFs in the United States. The recent trend in capital flows in the spot ETF market has driven Bitcoin to reach an all-time high on July 9. According to data from Farside Investors, the main capital flows during the trading session on July 9 include:

· ARK 21Shares Bitcoin Spot ETF (ARKB) reported a net inflow of 57 million USD.

· Grayscale Bitcoin Spot ETF net inflow of 15.8 million USD

· Fidelity Research Origin Bitcoin Spot ETF (FBTC) net inflow of 4.8 million USD

With the release of the liquidity data for BlackRock iShares Bitcoin Spot ETF (IBIT) and Invesco Galaxy Bitcoin Spot ETF (BTCO), the total inflow for Bitcoin Spot ETFs in the United States has reached $80.6 million.

Bitcoin Price Outlook

FXEmpire analyst Bob Mason stated that the recent price outlook depends on several key factors, including trade headlines, legislative developments, Federal Reserve comments, and spot ETF liquidity trends. Possible scenarios:

Bearish scenario: Intensified trade friction, legislative setbacks, strong hints from The Federal Reserve (FED), and outflows of ETF funds. The combined effect of these factors may push Bitcoin towards $105,000 and reach the 50-day Exponential Moving Average (EMA).

Bullish Scenario: Easing trade tensions, bipartisan support for cryptocurrency legislation, dovish remarks from the Federal Reserve (FED), and ETF fund inflows. In these scenarios, the target price for Bitcoin may reach $115,000.

(Source: Trading View)