Bitcoin Price Rebounds After PCE Data Release
- Bitcoin price breached the $84,000 resistance level.
- The PCE Price Index increased by 2.5% year-on-year in January.
- The Core PCE Price Index rose by 2.6% year-on-year.
- Bitcoin’s Relative Strength Index (RSI) is currently at 41.94.
- The price of Bitcoin fluctuated between $78,248.91 and $84,938.65 within a day.
The recent release of the United States Personal Consumption Expenditures data has influenced Bitcoin’s price, pushing it past $84,000 as inflation concerns ease slightly with a lower-than-expected increase in the Core PCE Index from December to January.
Source (2.6)https://coingape.com/bitcoin-price-rebounds-after-pce-data-is-90000-the-next-stop/?rand=24432
