Traders Warn of $60,000 Bitcoin (BTC) Price in Coming Weeks as U.S. Inflation Report Looms

“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 stated in an e mail. “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.”