TechFlow, August 25 — According to Jinshi Data, XS.com market analyst Linh Tran wrote that Bitcoin's near-term outlook will largely depend on upcoming U.S. economic data releases, including preliminary GDP and core PCE inflation. If the data continues to show a slowing U.S. economy and easing inflation, the Federal Reserve will have stronger justification to begin a rate-cutting cycle. "Such a scenario would create a liquidity-rich environment favorable for Bitcoin's recovery," Tran said. However, Tran added that if the data turns out unexpectedly "hot," investors may maintain a defensive stance, prolonging short-term corrections.
Add to Favorites
Share to Social Media
