“The price will likely show no clear direction until Friday’s U.S. PCE announcement, and it could be a make-or-break event for bitcoin,” bitBank said in an email. “If the inflation data comes in hotter than expected, bitcoin could give up about a half of its gain in the past two weeks and decline to around $65,000.”
![Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide](https://www.coindesk.com/resizer/Ntt9s9yE6rYAU4xCI1nYC66CT2M=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZONBWQJ4UBFQPHDD24F746QTTU.jpg)