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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Bitcoin breaks through the triangle pattern, analysts optimistic about the crypto market pump trend.
On August 12, a certain platform released today's market analysis stating that "Bitcoin is breaking out of its triangular pattern, showing strong pumps during the Asian trading session, but there has been some selling during the European and American trading sessions. As long as Bitcoin stays above $116,817, this remains a tradable breakout, with the trend leaning towards rise."
If the CPI data is higher than expected, it may lower the market's expectations for two interest rate cuts by the Fed this year, which we believe is possible. However, given the weaker seasonal period, prices may rise steadily rather than accelerating in a parabolic manner.
Funds continue to flow into the crypto market through various channels, and patient investors are likely to see returns this year.