Matrixport: As long as BTC remains above $105,075, the bullish trend will be maintained

ChainCatcher news, Matrixport released today's chart analysis stating, "Bitcoin has broken through the short-term downtrend, signaling a bullish breakout from the triangular consolidation range. This pattern is typically associated with trend continuation. Although we initially expected a relatively calm summer market, the strong momentum of this rise indicates that new capital is chasing this rally, while tariff concerns are gradually fading.

Even though this week's Consumer Price Index (CPI) is expected to bring some upward pressure, it is unlikely to hinder the current upward momentum. The market is also adjusting its expectations for interest rate cuts this year, now only anticipating one cut, as the U.S. economy shows stronger resilience than expected. As long as Bitcoin remains above $105,075, the bullish trend will continue to be solid."