๐ [Matrixport: Bitcoin breaks triangle consolidation โ bullish continuation signal!]
๐ Key insights:
๐น BTC breaks short-term downtrend
๐น Triangle breakout often signals trend continuation
๐น Strong rally driven by fresh capital inflows
๐น Tariff concerns easing; CPI risk seen as limited
๐น Bullish momentum intact as long as BTC stays above $105,075
๐ง Insight: Contrary to expectations of a quiet summer, BTC is gaining steam. With only one Fed rate cut now expected, the strong macro backdrop adds fuel to the fire.
