Bitcoin Targets $90,000 as Aggressive Buying Follows US PCE Inflation Data

Bitcoin traders are increasingly targeting the $90,000 level as aggressive buying volume emerges on major exchanges, most notably Binance. The primary cryptocurrency maintained price stability and successfully avoided major volatility following the release of the US Personal Consumption Expenditures (PCE) inflation data. Market analysts suggest that a "new upwards leg" for Bitcoin is currently beginning, with immediate price targets maintained above the $80,000 mark. This bullish momentum is supported by the market's ability to absorb macroeconomic data without significant downside pressure. The shift in sentiment follows a period of consolidation, pointing toward a potential breakout from recent ranges. Investors are now closely monitoring exchange order books for confirmation of sustained demand at these elevated levels.