Bitcoin price surfs US PCE inflation as trader keeps $80K BTC price target

Bitcoin avoids major volatility after the first of the week’s two key US inflation reports, while a trader sees a “new upwards leg” coming for BTC price action.

Bitcoin (BTC) circled $71,000 at Thursday’s Wall Street open after US inflation data conformed to expectations.

Key points:

Bitcoin waits for new catalysts as US PCE inflation data conforms to market expectations.

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