๐ Can the inflation data give another push to $BTC ?
The latest U.S. PCE inflation data left an interesting signal for the market.
๐น Core PCE YoY: 3.0%
๐น Forecast: 3.3%
๐น A smaller-than-expected figure reduces some of the pressure to raise rates again.
In theory, less aggressive rates can benefit risk assets like Bitcoin.
But itโs not all bullish ๐
U.S. bond yields remain elevated and $BTC still needs to prove strength to keep climbing.
Personally, I think itโs worth watching the price reaction more than trying to anticipate everything based on just one news item.
๐ If buying volume increases, we could see another bullish attempt.
๐ If demand loses momentum, the move may end up being only a rebound.
๐ Do you think October will be a good month for $BTC ?
#Bitcoin #BTC #Crypto #Trading #BitcoinNews
The latest U.S. PCE inflation data left an interesting signal for the market.
๐น Core PCE YoY: 3.0%
๐น Forecast: 3.3%
๐น A smaller-than-expected figure reduces some of the pressure to raise rates again.
In theory, less aggressive rates can benefit risk assets like Bitcoin.
But itโs not all bullish ๐
U.S. bond yields remain elevated and $BTC still needs to prove strength to keep climbing.
Personally, I think itโs worth watching the price reaction more than trying to anticipate everything based on just one news item.
๐ If buying volume increases, we could see another bullish attempt.
๐ If demand loses momentum, the move may end up being only a rebound.
๐ Do you think October will be a good month for $BTC ?
#Bitcoin #BTC #Crypto #Trading #BitcoinNews