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BTC/USD: Rising Wedge Points to a Crash
The BTC/USD pair rose to above 113,200 as investors embraced a risk-on sentiment after the relatively weak US wholesale inflation data. Bitcoin was trading at $113,200 on Thursday morning, higher than this month's low of $107,365. Risk-On Sentiment Prevails The BTC/USD pair rose as market participants embraced a risk-on outlook after the US released lower-than-expected inflation data, raising the possibility that the Fed will deliver a 0.50% rate cut in next week's meeting. This report showed that the headline and core Producer Price Index dropped sharply in August, even as Donald Trump's tariffs remained. In a ... (full story)
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