BTC price offers bullish signals on long and short timeframes as PCE data conforms to expectations.
showed BTC/USD heading to $28,556 on Bitstamp after the opening bell, up $1,000 from the day's lows.
The fresh gains followed encouraging macroeconomic data from the United States, with the February Personal Consumption Expenditures index modestly beating expectations in some areas.about the PCE numbers read. "Today’s report shows annual inflation down by nearly 30 percent from this summer, against a backdrop of low unemployment and steady growth."The PCE Price Index moved down to 5%, its lowest level since September 2021. Peak was 7% in June 2022.
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