The U.S. PCE report this Friday could trigger a Bitcoin rally
All eyes are on the PCE index, the barometer of inflation in the United States. Expected on March 28, this figure could trigger a significant shift in risk asset markets. Bitcoin, in the spotlight, could be the first beneficiary or the first victim. In a climate of geopolitical tensions and monetary uncertainties, this publication presents itself as a decisive test to measure speculative appetite and the strength of the bullish momentum in cryptocurrencies.
As Friday, March 28 approaches, the cryptocurrency market holds its breath. The Bureau of Economic Analysis will publish the PCE index that day, a decisive indicator of U.S. inflation. Several signals indicate that this figure could strongly influence the price of Bitcoin.
Here are the key elements of this anticipation:
The PCE report measures the prices of goods and services purchased by U.S. households and serves as an important reference for the Fed's monetary policy.
The market is observing an accumulation of call options beyond $100,000 for BTC, but QCP estimates that this position alone should not provoke "greater volatility."
A decrease in inflation in this report would be seen as a favorable signal for risk assets and would reinforce interest in Bitcoin.
In this context, analysts are paying close attention to each index to detect a possible change in direction. A figure lower than expectations would reinforce the thesis of monetary easing, which could rekindle appetite for risk.
Conversely, a bullish surprise would reignite fears of a more aggressive Fed, which would limit immediate prospects for crypto assets.
