Bitcoin Approaches $65K as Cooling US PCE Inflation Eases Fed Rate Hike Fears
Bitcoin pushed toward $65,000 after softer U.S. PCE inflation figures reduced expectations of further Federal Reserve rate hikes. Cooling macro pressure is giving bulls momentum, though geopolitical friction in the Middle East is capping aggressive leverage. Traders are now watching if spot demand can absorb overhead resistance.
Bitcoin stepped up toward the $65,000 level after fresh U.S. Personal Consumption Expenditures data showed annual inflation cooling to 3.7 percent. The softer print offered immediate macro relief across risk assets, significantly easing market anxiety around potential Federal Reserve interest rate hikes.
Despite the bullish jolt in price action, trader discipline remains tested as geopolitical tension between the U.S. and Iran continues to linger in the background. Middle East friction is preventing a full risk-on breakout as institutional desks hedge against sudden geopolitical shifts.
If spot buyers can clear the sell-side wall around $65,000, derivatives positioning points to a rapid squeeze higher. For now, traders are watching macro liquidity and spot volume to confirm whether this move has real structural legs.