Bitcoin (BTC) Loses Crucial 200-Day Moving Average Amid Inflation Report
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Bitcoin has dropped below its crucial 200-day moving average following the latest Personal Consumption Expenditures (PCE) inflation report. The Core PCE index rose to 2.8%, slightly above expectations, suggesting inflation remains stubborn. This development reduces expectations of a Federal Reserve dovish pivot and creates challenging market conditions for cryptocurrency.
March 28, 2025 | 3:30 pm
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Breaking below the 200-day moving average indicates potential continued downward pressure, especially with persistent inflation concerns and tight monetary conditions.
The loss of the 200-day moving average is a significant bearish technical signal. Combined with persistent inflation and potential continued hawkish Fed policy, Bitcoin faces near-term downside risk.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100