Amid ongoing geopolitical tensions in the Middle East, Bitcoin prices broke through $72,000, reaching a new high since March 5th, demonstrating strong market resilience. The market is also focused on the upcoming release of the US PCE price index, a key indicator for the Federal Reserve's inflation measurement. US President Trump again pressured the Fed ahead of the PCE data release, demanding Chairman Powell cut interest rates immediately, stating that it shouldn't wait until the next policy meeting. Bitcoin's performance amid recent geopolitical shocks has been "unexpectedly strong," with Glassnode data showing a new accumulation zone forming in the $62,000 to $72,000 range. However, compared to previous periods that drove significant price increases, the current accumulation strength remains relatively limited. Analysts believe that if funds continue to flow in, Bitcoin could potentially form new medium-term breakout momentum. (Cointelegraph)
