Bitcoin price surfs US PCE inflation as trader keeps $80K BTC price target
Bitcoin avoids major volatility after the first of the week’s two key US inflation reports, while a trader sees a “new upwards leg” coming for BTC price action.
Bitcoin (BTC) circled $71,000 at Thursday’s Wall Street open after US inflation data conformed to expectations.
Key points:
Bitcoin waits for new catalysts as US PCE inflation data conforms to market expectations.