📌 Bitcoin is favored after inflation data in the U.S.
Bitcoin once again approached the $74,000 zone after the inflation data from the United States came in line with expectations.
The indicator #PCE (Personal Consumption Expenditures Index), considered the Federal Reserve's preferred measure of inflation, recorded 0.3% month-on-month and 3.1% year-on-year, which boosted both cryptocurrencies and stocks. Still, analysts remain divided in their opinions. Some see a possible move towards $76,000 to $79,000, while others warn that it could be another bearish test. If the momentum loses strength or the OI (open interest in futures contracts) falls, the price of Bitcoin could face another correction.
BTC
66,560.41
-0.39%