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.
theAIcatchupApr 09, 20264 min read
⚡ 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
The 60-Second TL;DR
PCE data met expectations at 3% core YoY, keeping Bitcoin stable near $71K.
Traders target $80K if ranges hold, but downside liquidity at $69K threatens.
Upcoming CPI could spark volatility, with historical parallels hinting at upside potential.