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Bitcoin $BTC rebounds 5% as analysts predict market recovery in March Bitcoin rose 5%, surpassing $82,000, following the release of PCE inflation data, which aligned with expectations and eased market concerns. According to Cointelegraph, analyst Julien Bittel suggests that tight financial conditions are already priced in, with macro trends expected to improve in March, potentially driving a BTC recovery. Bitcoin’s RSI at 23 indicates oversold conditions, the lowest since August 2023.

Breaking: US core PCE inflation declines to 2.6% in January as expected 02/28/2025 13:52:00 GMT|ByFXStreet Team Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.5% in January from 2.6% in December, the US Bureau of Economic Analysis reported on Friday. The core PCE Price Index, which excludes volatile food and energy prices, increased 2.6% on a yearly basis in January, down from 2.9% in December. This print came in line with the market expectations. On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%, as anticipated

ANNUAL INFLATION : In the US, annual inflation is measured by the change in the Personal Consumption Expenditures (PCE) . Price Index declined to 2.5% in January from 2.6% in December . PCE PRICE INDEX: The core PCE Price Index, which excludes volatile food and energy prices, increased 2.6% on a yearly basis in January, down from 2.9% in December. MONTHLY REPORT: On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%, as anticipated. MARKET REACTION TO PCE The PCE inflation data don't seem to be having a noticeable impact on the US Dollar's (USD) valuation. At the time of the press, the USD Index was up 0.04% on the day at 107.33. RECORDED DATA OF PCE INFLATION The core PCE Price Index, which excludes volatile food and energy prices, is projected to rise 0.3% on a monthly basis in January, following the 0.2% increase recorded in December. Over the last year, the core PCE inflation is forecast to soften to 2.6% from 2.8%. Meanwhile, the headline annual PCE inflation is seen retreating to 2.5% from 2.6% in the same period.  CENTRAL BANK CAN'T CHANGED INTEREST RATES Following a 25 bps cut in December, lowering the Fed’s policy rate to the 4.25%-4.50% range, the central bank kept interest rates unchanged in the January decision. In the meeting Minutes released on February 19, the central bank removed earlier language suggesting inflation had "made progress" toward its 2% target, instead stating that the pace of price increases "remains elevated" to justify such a pause. TD SECURITIES SAID: “We look for core PCE prices to register a notably weaker advance in January compared to the CPI equivalent's 0.45% m/m increase. Headline PCE inflation should also come in softer at 0.30%. On a y/y basis, core PCE inflation is likely to drop by a notable three tenths to 2.5%—its lowest level since early 2021. Spending money for personal use looks fell for the first time since March.

Some days ago price started to decline inside falling channel, where it some time traded near $104600 level and broke it. Then, BTC declined to the $91000 level, after which it turned around and rose to the resistance line of the falling channel. Price some time declined near this line and then exited from this channel and tried to grow, but failed. After this Bitcoin continued to decline in another one falling channel, where it firstly rose to resistance line. In this channel, BTC broke $91000 level and fell to support line, but recently it bounced and started to grow. In my mind, Bitcoin can bounce from support line and rise to $90900 resistance line of falling channel.

Recently, the decline in the cryptocurrency market has put pressure on Solana prices. However, renowned analyst Raoul Pal indicated that $SOL is in an oversold region and could show signs of recovery soon. Technical indicators and historical data suggest that Solana has potential for an upward trend in the upcoming period. Technical Data and Market Analysis Solana has reached the two standard deviation threshold in its log regression channel. He also notes that $SOL recorded its weakest Relative Strength Index (RSI) value since its lows in 2022. The RSI, which fell to 25.73 on February 26, indicates that the asset is in an oversold region, and similar past levels suggest Solana might recover again. According to CoinMarketCap data, SOL’s price has increased by approximately 0.47% over the last 24 hours, trading at $137.16. Despite losing 21% of its value in recent weeks, Solana shows signs of recovery amidst market volatility. Historical Trends and Expectations Historically, Solana has recorded significant increases in March. In March 2021, it rose by 49%, in 2022 by 23.2%, and in 2023 by 60.8%. Based on past data, SOL has averaged a 32.4% increase in March and may exhibit a similar performance this year. Regulatory developments also indicate a potential increase in interest towards Solana. Statements from the U.S. Securities and Exchange Commission (SEC) regarding certain regulations may reduce pressure on alternative digital currencies. Additionally, the evaluation of a related ETF application could be a factor that increases institutional investor interest. Analysts indicate a high likelihood of Solana’s recovery based on historical trends and technical indicators. However, they emphasize that investors should remain cautious and pay attention to market fluctuations.