Core Personal Consumer Expenses (PCE) data released by the US helped Bitcoin (BTC) rise.
The major cryptocurrency Bitcoin continues to move in an uptrend. The upward movement, which started after October 21, was fueled especially after the Twitter news. Base investors claim that the crypto bear market is over and the bull is back on the ground. However, in the last two days, the rise of BTC has lost speed, especially with the effect of the resistance levels. The major coin, which tested the 20 thousand band today, has moved again after the data from the USA.
US Data Affects Bitcoin Price
The events in the global economy and the data from the USA continue to affect cryptocurrencies. In particular, Bitcoin, the leader of the crypto market, acts in the light of data.
The anti-inflation movement of the US side has become one of the architects of the crypto bear market. However, the ensuing recovery process may indicate that bottom areas are coming for BTC.
In the light of all this process, PCE data was announced by the USA today. PCE data came in at 0.5 percent, which is on par with expectations. BTC, which had regressed to the 20 thousand band before the data was announced, experienced a rapid rise immediately after the announcement.
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