The market's eyes are glued to the upcoming PCE inflation data. This key economic indicator often gives a clearer picture of inflation than CPI, focusing on consumer spending habits. A higher-than-expected PCE reading could signal persistent inflationary pressures, potentially leading the Federal Reserve to maintain its hawkish stance. This, in turn, could negatively impact risk assets like Bitcoin ($BTC). Conversely, a lower-than-expected reading might suggest inflation is cooling, giving the Fed room to ease up on rate hikes, which could boost $BTC. Keep a close watch on this data release – it could be a pivotal moment for Bitcoin's price trajectory. What are your predictions for the PCE numbers? Let's discuss in the comments!
