Bitcoin Targets $74K After US PCE Data Boosts Markets

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Bitcoin bulls squeezed the market toward $74,000 again as promising US inflation data buoyed risk assets, but BTC price forecasts stayed mixed.

Bitcoin aimed for five-week highs at Thursday’s Wall Street open as US inflation trends stayed on track.

US inflation data keeps crypto and stocks higher as BTC price action tests $74,000 again.

Bitcoin traders diverge over the future of the move, with a “bearish retest” risking a new price collapse.

BTC/USD finally recrosses its 50-day moving average trend line.

PCE inflation emboldens Bitcoin bulls


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