What Will Make Bitcoin Reach $30K?

Bullish traders are eyeing the upcoming U.S. July Consumer Price Index report for signs of continued inflation trends, with expectations set at a 0.2% monthly increase and a 3.3% year-over-year growth, amid a context of the Federal Reserve’s historical monetary tightening and subsequent market anticipation of rate cuts, which have historically been intertwined with Bitcoin’s recent price fluctuations.