TechFlow news, on June 10, Matrixport released a chart analysis stating, "Bitcoin has broken above its short-term downtrend, issuing a bullish breakout signal from a triangular consolidation pattern—a formation typically associated with trend continuation. Although we initially expected a quieter summer market, the strong momentum of this rally suggests new capital is chasing the uptrend, while tariff concerns continue to fade.
Even though this week's Consumer Price Index (CPI) is expected to bring some upward pressure, it is unlikely to derail the current bullish momentum. The market is also scaling back its expectations for rate cuts this year, now pricing in only one cut, as the U.S. economy demonstrates stronger resilience than anticipated. As long as Bitcoin holds above $105,075, the bullish trend will remain solidly intact."
