- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future with top experts
- WXT Zone
  Exclusive fee rates and free airdrops await
- Announcement Center
  Stay ahead with WEEX updates
- Elite Trader
  Share your strategies and earn rewards
- Crypto Wiki
  Master trading with simple trading guides for everyone
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Stay on top of the latest crypto trends
- Official Verification
  Use official channels to protect your account
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Discover highlights of WEEX's events around the world
Buy Crypto
- Quick Buy
  Buy with Visa, Mastercard, Apple Pay, Google Pay
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  About futures trading features
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Matrixport: Bitcoin Breaking Out of Triangle Pattern, Funds Continuously Flowing into Crypto Market

By: theblockbeats.news|2025/08/12 07:01:31

BlockBeats News, August 12th. Matrixport released today's market analysis stating, "Bitcoin is challenging the upper boundary of a triangle consolidation range. During the Asian session, the price briefly rose, but met selling pressure during the European and American sessions, leading to a partial retracement of gains. If the price remains above $116,817, the breakout is still valid, and there is still room for further upside in the short term.

Against the backdrop of the current seasonally weak period, the price may rise steadily rather than sharply. If the CPI exceeds expectations, it may temporarily shake market confidence in the Federal Reserve's two interest rate cuts this year. However, we still believe this expectation aligns with the long-term trend.

Funds continue to flow into the crypto market through various channels, and long-term investors may reap the rewards this year."

XRP Rockets 12% in Epic Breakout Rally After Ripple Teams Up with BNY Mellon – Eyes on $2.87 and $3.72 Targets

H100 Group Appoints Brian Brookshire as Bitcoin Strategy Lead