Market Rebounds Despite Poor CPI Data, Says Hartmann

According to Foresight News, Felix Hartmann, founder of Hartmann Capital, stated on social media that the market has significantly rebounded despite the release of poor Consumer Price Index (CPI) data. He noted that the prices of most altcoins have surpassed last week's highs, indicating a potential shift in market sentiment. Hartmann suggested that bearish positions might be squeezed, leading to a rapid reversal in market emotions. He emphasized that prices drive sentiment, not the other way around. Hartmann further speculated that if Bitcoin rises by another $2,000, surpassing all cyclical moving averages, the prevailing market panic could dissipate entirely. This shift might prompt investors to question how high prices could go, rather than how low they might fall.