Matrixport: Bitcoin is breaking through its triangular pattern, with funds continuously flowing into the cryptocurrency market

BlockBeats news, on August 12th, Matrixport released today's market analysis stating that "Bitcoin is breaking through its triangular shape, with strong gains during Asian trading sessions, but some selling during European and US trading sessions. As long as Bitcoin remains above $116817, this is still a tradable breakthrough and the trend is trending upwards. If the CPI data is higher than expected, it may lower the market's expectations for the two Fed interest rate cuts this year, and we believe this is possible. However, given the weaker seasonality, prices may steadily rise instead of accelerating in a parabolic manner. Funds continue to flow into the cryptocurrency market through various channels, and patient investors are likely to receive returns this year