Bitcoin could rise to $110,000 before a potential pullback to $76,500.

Bitcoin investors are closely monitoring the U.S. Personal Consumption Expenditures (PCE) inflation report, set to be released on March 28, as it could significantly shape market sentiment. Published by the U.S. Bureau of Economic Analysis, this report tracks inflation based on consumer spending and is expected to provide insights into broader economic conditions. Analysts believe that easing inflation concerns could drive Bitcoin prices higher, with some predicting a rise to $110,000 before a potential pullback to $76,500.

Juan Pellicer, a senior research analyst at IntoTheBlock, noted that Bitcoin's recovery is being driven by institutional interest and significant investments. He stated, "BTC shows signs of recovery due to increasing institutional interest and substantial investments from major players." Nicolai Sondergaard, a research analyst at Nansen, highlighted that market pressures could persist until at least April 2, depending on whether countries reach an agreement on trade policies.