BlockBeats news, on August 25, XS.com market analyst Linh Tran stated that the recent outlook for Bitcoin will largely depend on the upcoming U.S. economic data, including preliminary GDP and core personal consumption expenditures inflation. If the data continues to show a slowdown in the U.S. economy and easing inflation, the Federal Reserve will have more justification to initiate a rate-cutting cycle.
This situation will create a liquidity-rich environment conducive to Bitcoin's recovery, Tran said. However, Tran added that if the data is unexpectedly 'hot,' investors may maintain a defensive posture, prolonging the short-term pullback. (Jin Shi)
