XS.com market analyst Linh Tran told COINOTAG on August 25 that the near-term trajectory of Bitcoin will hinge on upcoming U.S. economic data, with a focus on preliminary Gross Domestic Product and core Personal Consumption Expenditures inflation readings.
Tran said a sequence of slowing growth and easing inflation would bolster the Federal Reserve’s rationale for initiating a rate-cutting cycle, thereby creating a more liquidity-rich environment likely to support a measured recovery in Bitcoin market performance.
By contrast, Tran warned that unexpectedly “hot” data could prompt investors to remain defensive, potentially extending a short-term pullback rather than prompting renewed risk-on flows. (FX678)
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/breakingnews/bitcoin-recovery-hinges-on-u-s-gdp-core-pce-inflation-fed-rate-cut-prospects-could-spark-rally-says-xs-com-analyst/