#Matrixport
Matrixport published its market analysis today: "Bitcoin is approaching the upper limit of a triangular consolidation zone. During the Asian session, the price briefly increased but faced selling pressure during the European and American sessions, leading to a partial pullback of gains. If the price remains above $116,817, the breakout is still valid and further increases are still possible in the short term.
In the current context of seasonal weakness, the price could increase steadily rather than sharply. If the CPI exceeds expectations, it could temporarily shake market confidence in the two interest rate cuts decided by the Federal Reserve this year. However, we still believe that this forecast aligns with the long-term trend.
Funds continue to flow into the cryptocurrency market through various channels, and long-term investors may reap the benefits this year."
