PCE price index report set for release on March 28, which could play a key role in shaping market sentiment.

The report, published by the U.S. Bureau of Economic Analysis, tracks inflation based on consumer spending and is expected to provide insight into broader economic conditions.

The U.S. Bureau of Economic Analysis will release its PCE Price Index report for February on March 28. This report is expected to play a key role in shaping market sentiment. The PCE Price Index is a primary inflation metric tracked by the Federal Reserve. It measures inflation based on consumer spending.

The report is expected to provide further insight into broader economic conditions. Economists polled by Dow Jones anticipate a 0.3% monthly increase in PCE prices and a 4.1% year-over-year rise.

According to analysts at crypto derivatives trading firm Delta Neutral, easing inflation concerns could push Bitcoin higher. Some analysts predict an increase to $110,000 before a potential pullback to $76,500.

Bitcoin has seen a significant price recovery in recent times, rising above $68,000. The Federal Reserve’s decision to ease its monetary tightening could further boost liquidity, which some analysts say may contribute to a price increase.

Pellicer, senior research analyst at IntoTheBlock, noted that Bitcoin’s recovery is being driven by institutional interest and large investments.

“BTC is showing signs of recovery, driven by growing institutional interest and significant investments from large players,” Pellicer said.

According to Delta Neutral, attention will turn to the PCE inflation print, which could become the next key catalyst.

“As we approach Friday’s quarterly expiry, with the highest open interest in topside strikes above $100K, we don’t expect major volatility driven by options positioning alone. But attention will turn to the PCE inflation print, which could become the next key catalyst,” the firm stated on Telegram.