BTCUSD

Economic data from the United States yesterday and today has affected overall market sentiment, which in turn has impacted the cryptocurrency markets. In particular, today's PCE data and the subsequent expectations regarding the Fed may influence demand for cryptocurrencies. When examining technical levels, a movement above the pivot level of 106614.18 could bring resistance levels of 107671.71, 109916.27, and 111567.31 into play. On the downside, support levels of 104369.62, 103312.09, and 101661.04 will be monitored. It is anticipated that pullbacks may remain limited.