🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Goldman Sachs: CPI data warming may lead to further reduction of the probability of a rate cut in December.
According to Dom Wilson, senior market adviser at Goldman Sachs, the focus of the market and most of the fluctuations clearly come from the post-election transition. The November Federal Open Market Committee (FOMC) delivered a message of 'steady progress', so it may take a real surprise to drive the market. Dom Wilson said that the warming data could fuel the argument that the fight against inflation is not over yet and lead to further reduction in the probability of a rate cut in December, especially considering the backdrop of a more positive inflation cycle priced in the market since the election. (Jin Shi)