Bitcoin extended its third straight pullback, but lower levels have attracted buying interest from bulls. The rally may have been triggered by lower-than-expected US inflation data. The Personal Consumption Expenditures (PCE), the Fed’s preferred inflation gauge, came in at 2.4%, instead of the 2.5% expected by economists. This improved market sentiment that had soured after Fed Chair Jerome Powell predicted two rate cuts in 2025. There is debate over whether Bitcoin is heading for a deeper correction or a buying opportunity ahead of the rally. Share your thoughts in the comments.