🔗 Crypto & Blockchain

Bitcoin Clings to $71K Post-PCE — Trader's $80K Call Hangs in the Balance

Bitcoin's price is surfing calm PCE waters at $71,000, dodging volatility spikes. Traders still bet on $80K, but without fresh catalysts, it's anyone's guess.

Bitcoin price chart at $71K with PCE inflation overlay and $80K target line

⚡ Key Takeaways

  • PCE data met expectations at 3% core YoY, keeping Bitcoin stable near $71K. 𝕏
  • Traders target $80K if ranges hold, but downside liquidity at $69K threatens. 𝕏
  • Upcoming CPI could spark volatility, with historical parallels hinting at upside potential. 𝕏
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Originally reported by Cointelegraph

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