Bitcoin Price Update

The price of Bitcoin (BTC) has made an important pivot in the past hour, with bullish sentiments returning to the market. At the time of writing, the coin has breached the resistance level at $84,000 as investors digest the United States Personal Consumption Expenditures (PCE) data. As an important inflationary gauge, the PCE data has signaled that inflation is not much of a concern as investors react to it.