BTC is trying to reclaim $60,000 on August 29 as US economic data is not causing much volatility.

📈 BTC/USD peaked at $60,845 on Bitstamp, up 3% on the day.

- US unemployment and GDP figures were almost as expected.

- Markets still expect the Fed to cut interest rates by 0.25% in September.

QCP Capital: "Any pullback in stocks (and crypto) will be short-lived. Fed is about to start a rate cutting cycle, increased liquidity will push risk assets higher."

Rekt Capital: "BTC is making Higher Lows since early July. Support retest is still successful."

Jelle: "Current environment is still 'predatory', best to stay calm. Above $62,000 can create a stronger trend."

What do you think about the BTC trend? Comment! 🚀