Analysts: Traders pay attention to whether Bitcoin can break through $118,000 and open up a rise
Source: Odaily
Time: 2025-09-11 21:49:09
Odaily Planet Daily News The U.S. Consumer Price Index (CPI) data for August was basically in line with expectations, and the cryptocurrency market has therefore stabilized. The possibility of a rate cut in September remains unchanged, and the rate hike is expected to reach one quarter of a percentage point. Timothy Misir, co-founder and executive editor of Blockhead, pointed out that with the release of CPI data, traders may be watching whether Bitcoin can break through $118,000 to open up the upward channel. Meanwhile, attention is now turning to next week’s Federal Open Market Committee (FOMC) meeting. Senior experts such as Goldman Sachs CEO David Solomon agree that the Fed will lower financing rates, which is usually beneficial to Bitcoin and risky assets. (The Block)