PPI Negative Impact Triggered! Bitcoin Plummets to 117k, Is There a Chance for Altcoins to Rally?
Bitcoin fell yesterday, dragging the entire market down. After a brief surge, there was no sustained buying volume, resulting in a false breakout. The high has not yet reached 125k, and this wave of decline has adjusted to around 117k, with an overall drop of over 7000 points. We should pay attention to whether it will consolidate or continue to move in one direction!
In terms of movement: $BTC
This wave of decline was initially expected to occur on Monday or Tuesday but was delayed for a few days. Under the negative influence of the PPI data, a decline has occurred. The previously mentioned CME gap has also been filled. Next, we will see if it can continue to consolidate and give altcoins a chance to rally!
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BTC Analysis: August 15, 2025 Daily Chart
