Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide

“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.”