Technical analysis by Gold_Hunters_Club about Symbol BTC: Buy recommendation (8/13/2025)

Cryptocurrency prices are showing bullish signs on Wednesday, backed by strong market sentiment after the US Consumer Price Index (CPI) data showed that inflation increased, but below market expectations. Bitcoin (BTC) is back to trading marginally above $120,000 after a knee-jerk recovery from its previous day low of $118,928. The bullish outlook spreads across the altcoin market with Ethereum (ETH) breaking above $4,700 backed by rising spot Exchange Traded Funds (ETFs) inflows, which hit the $1 billion mark for the first time on Monday. Ripple (XRP), on the other hand, is upholding its recovery above support at $3.00 as bulls aim for the record high of $3.66 reached on July 18. Interest in XRP remains high following the resolution of the longstanding United States (US) Securities and Exchange Commission (SEC) lawsuit.