Matrixport analyst Markus Thielen notes Bitcoin's breakout with strong Asian session performance, though European and US markets see selling amid concerns over CPI and potential Fed rate cuts.
PANews on August 12 reported that Matrixport analyst Markus Thielen observed Bitcoin breaking out of a triangle consolidation range and holding above $116,817. Despite strong performance in the Asian session, selling was noted in European and US markets. The report highlighted that seasonal weakness may slow price gains and a higher-than-expected CPI could adjust market expectations for two Fed rate cuts, while continued inflows support long-term investor rewards.