Bitcoin price eyes $74K rematch as US PCE inflation boosts crypto, stocks

1 hour ago

Bitcoin (BTC) aimed for five-week highs astatine Thursday’s Wall Street unfastened arsenic US ostentation trends stayed connected track.

Key points:

US ostentation information keeps crypto and stocks higher arsenic BTC terms enactment tests $74,000 again.
Bitcoin traders diverge implicit the aboriginal of the move, with a “bearish retest” risking a caller terms collapse.
BTC/USD yet recrosses its 50-day moving mean inclination line.

PCE ostentation emboldens Bitcoin bulls

Data from TradingView confirmed caller section BTC terms highs adjacent $74,000 pursuing the January people of the Personal Consumption Expenditures (PCE) Index.

Known arsenic the Federal Reserve’s “preferred” ostentation gauge, January PCE matched marketplace expectations, coming successful astatine 0.3% month-on-month and 3.1% year-on-year, per information from the Bureau of Economic Analysis.

While inactive astatine its highest levels since precocious 2023, the effect appeared to soothe hazard assets, with US stocks up astir 0.5% astatine the clip of writing.

In doing so, some hazard assets and crypto began to diverge from a affirmative correlation to lipid seen implicit the week. WTI crude was down 2% connected the time astatine astir $95 per barrel.

BTC terms forecast: $79,000 oregon “bearish retest?”

Commenting connected Bitcoin, crypto trader Michaël van de Poppe was cautiously upbeat connected the outlook.

“Resistance portion for maine is betwixt $76-79K for Bitcoin. I don't expect a accelerated breakout successful one-go, but I would presume that we're going to spot immoderate other momentum hap connected the altcoin markets successful that window,” helium wrote successful a post connected X.

“In the meantime; if Bitcoin gets there, it provides a monthly engulfing candle and therefore, it erases the full correction of February.”

Others stayed connected edge, with trader Daan Crypto Trades informing of a “large drop” if the existent trading portion collapsed.

$BTC If this level breaks, it's clip for a ample drop. pic.twitter.com/9A6DaICCs3

— Daan Crypto Trades (@DaanCrypto) March 13, 2026

Trader Roman, already bearish, described the ongoing displacement higher connected BTC/USD arsenic a “bearish retest.”

“RSI carnivore divs, carnivore terms enactment (volume down + terms up), & implicit reset of MACD,” helium summarized, referring to the comparative spot scale (RSI) and moving mean convergence/divergence (MACD) terms indicators connected regular clip frames.

In caller updates connected his Telegram transmission connected the day, meanwhile, autarkic expert Filbfilb focused connected open interest (OI).

Market observers, helium said, should ticker for OI to “ditch” — an lawsuit that would precede the extremity of the propulsion higher.

“No motion yet,” helium acknowledged, noting that terms was present interacting with its 50-day elemental moving mean (SMA).

As Cointelegraph reported, this was a cardinal overhead absorption portion of involvement during erstwhile breakout attempts.

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