Bitcoin price is 5 %, and the analyst sees the end of the coding pillar in March

Bitcoin (BTC82,000 dollars were recruited on February 28 in Wall Street, where the analysis indicated the return of BTC prices in March.

The price of BTC pays more than $ 82,000 on PCE RELIEF

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD has shown a liar more than 5 % of its lowest multiple levels of $ 78.197 on Bitstamp.

Only continuous sales pressure was reduced as the latest macroeconomic data in the United States was in line with inflation expectations.

Personal Consumption Expenditure Index (PCE) came in January, known as the “favorite” federal reserve scale, by 0.3 % and 2.5 % on the basis of the month and regulation, respectively, respectively.

The markets immediately felt relief after several recent abuses in inflation data. In a boost of both risk assets and encryption, the power of the US dollar began to decrease from the local high levels of 107.45, an unprecedented level within two weeks.

“This represents the first decline in PCE inflation since September 2024,” Kobeissi commercial supplier wrote a speech in part of a A reaction to x.

Copsy described both PCE and Core PCE results as “constructive”.

“However, since the data was released, interest rate expectations have not changed slightly,” he pointed out.

“Volatility is condensation.”

Latest data from the CME’s collection Fedwatch tool Put the possibilities of reducing average at the Federal Reserve career meeting by only 5.5 % at the time of writing this report.

Macro tightening is “completely reflected” in $ 80,000 bitcoin

Commenting on the effect that the overall climate on Bitcoin could have, and at the same time, Julien Bittel, head of macro Macro Investor, had good news of bulls.

Related to: When will the price of bitcoin be down?

“Everything that happens in the market at the present time, especially in encryption, is a direct result of tightening the financial conditions in the fourth quarter of last year,” he argued in part. The last x analysis On a day.

“When financial conditions are tightened, liquidity is drained, and economic surprises begin to slow down.”

BitTel suggested that “fear” that affects the markets will not last longer.

“This is the thing: all this will be reflected next month,” he expected.

“The financial conditions have been reduced quickly over the past two months – the dollar down, the bond reduces, and the decrease in oil – this paves the way for the data recovery soon. Remember that the financial conditions always lead.”

He concluded that Bitcoin at $ 80,000 means more strict conditions “completely reflected” in the BTC price.

He pointed out that “everyone is already on the same aspect of trade – feelings are very declining, and Bitcoin sits in RSI from 23, which is the most selling level since August 2023.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.