Analysis Company Announced: "It's Hard to Break the Rise in Bitcoin! As long as BTC stays above this level, the rally continues!"

The leading cryptocurrency Bitcoin (BTC) is experiencing a volatile course. At this point, BTC, which had dropped to the level of 100 thousand dollars a few days ago, rose above 110 thousand dollars yesterday.

While it is expected that the CPI and PPI data coming from the US will increase volatility in BTC, the analysis company Matrixport stated that they expect the upward trend in Bitcoin to continue.

Matrixport analysts stated that Bitcoin has signaled the continuation of the upward trend by breaking out of the symmetrical triangle formation with its recent rise.

Analysts noted that the Bitcoin rally strength is attributed to new capital inflows and that concerns regarding tariffs are gradually diminishing.

Analysts argue that despite the expectation that the inflation data to be announced this week will come in high and put pressure on the BTC price, it will not be able to break the upward trend.

"Bitcoin has surpassed the descending trend line of 106,000 dollars and even broke above the symmetrical triangle pattern.

This movement indicates a new capital inflow that forecasts more upward movement for Bitcoin. Additionally, concerns regarding tariff uncertainty in the market seem to have eased.

Despite the expectation that the US May Consumer Price Index will be high, it will be difficult to disrupt Bitcoin's current upward momentum.

Because the US economy is more resilient than expected and as long as Bitcoin maintains 105,075 dollars, it is expected that the upward trend will continue.

*It is not investment advice.

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