Bitcoin Grills $74,000 After US PCE Data

BitcoinBTCAs US inflation trends remain on course, ), aimed to reach five-weeks highs during Thursday’s Wall Street opening.

The following are key points.

• Crypto and stock prices continue to rise as US inflation data continues to support the crypto market. BTC is now testing $74,000.

• Bitcoin traders are divided over its future. “bearish retest” Risking another price collapse.

• BTC/USD crosses its 50 day moving average trend line.

PCE inflation emboldens Bitcoin bulls

TradingView’s data confirms that local BTC prices have reached new heights around $74,000, following January’s Personal Consumption Expenditures Index.

Also known as Federal Reserve “preferred” According to Bureau of Economic Analysis data, the inflation gauge for January PCE was 0.3% on a month-to-month basis and 3.1% on a year-to-year basis. This corresponded with market expectations.

When still in its highest levels since late 2023The result seemed to calm risk assets. US stocks were up about 0.5% as of the date this article was written. 

Both risk assets, and cryptocurrency began to deviate from the positive correlation with oil that was seen during the past week. WTI crude oil was around $95/barrel, down about 2% for the day.

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

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

Related: Bitcoin’s ‘narrative vacuum,’ Ethereum now inevitable: Trade Secrets

“Resistance zone for me is between $76-79K for Bitcoin. I don’t expect a fast breakout in one-go, but I would assume that we’re going to see some extra momentum occur on the altcoin markets in that window,” The writer wrote in the a post on X. 

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

Daan Crypto trades warned of the danger of an a “large drop” If the existing trading zone collapsed.

$BTC When this level is breached, you can expect a big drop. pic.twitter.com/9A6DaICCs3

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

Trade Roman is a Trader. already bearish“The ongoing upward trend in BTC/USD is a positive development,” said. “bearish retest.”

“RSI bear divs, bear price action (volume down + price up), & complete reset of MACD,” He summarizedThe relative strength index is a measure of the relative power (RSI) and moving average convergence/divergence (MACD) price indicators on daily time frames.

Filbfilb, an independent analyst, provided fresh updates to his Telegram account on that day. open interest (OI).

He said that market observers should be on the lookout for OI. “ditch” — an event that would precede the end of the push higher.

“No sign yet,” he admitted, noting the interaction between price and its 50-day moving simple average (SMA). 

You can also read about the advantages of using Cointelegraph reportedDuring previous break-out attempts, it was important to note the overhead resistance zones.