The analysis announced: “It is hard to break the rise in Bitcoin! BTC continues as long as this level remains on the rally!”

Leading crypto currency Bitcoin (BTC) It follows a wavy course. At this point, a few days ago, the BTC declined to 100 thousand dollars, yesterday, $ 110 thousand out of $ 110 thousand.

Coming from the USA CPI and PPI While data is expected to increase volatility in BTC, the analysis company Matrixport said they are expected to continue the rise trend in Bitcoin.

MatrixPort analysts said that with the last rise of Bitcoin, it has made the signal that the rise trend would continue to survive from the symmetrical triangular formation.

Analysts, BitcoinHe said that the rally power was caused by the new capital inflow and the concerns about tariffs are gradually decreasing.

Analysts also argued that despite the high inflation data to be announced this week and expected to put pressure on the price of BTC, it could not disrupt the rise trend.

“Bitcoin crossed the 106,000 dollar decline trend line, and even on the symmetrical triangular pattern.

This movement shows the new capital introduction to Bitcoin, which predicts more rise. In addition, the concerns about the uncertainty of the tariff in the market seem to be lightened.

Although the US May Consumer Price Index (CPI) is expected to be high, it will be difficult to disrupt Bitcoin’s current rise momentum.

Because the US economy is more resistant than predicted and as long as Bitcoin protects $ 105,075, the rise trend is expected to continue. ”

*It is not an investment advice.