BTC Mirrors NASDAQ

Market analysts observed that Bitcoin’s price movements continue to mirror traditional risk-on assets, closely tracking NASDAQ performance.

The correlation, combined with upcoming macroeconomic data such as Tuesday’s US Consumer Price Index report, could turn $BTC volatile.

Economists anticipate a modest rise in annual inflation to 2.8%, with softer data potentially accelerating expectations for a Federal Reserve rate cut in September.

Historical Cycle Analysis

#Bitcoin may be following its post-halving year playbook. In previous cycles, prices rose through July and August, faced a September pullback, then rallied toward a market cycle peak in the fourth quarter before entering a prolonged bear market.

According to market analyst Benjamin Cowen, the current pattern appears consistent, with Bitcoin’s upward momentum in recent weeks fitting into this historical cycle. Based on historical patterns, BTC could rally in Q4 after a slight pullback this month.