**Bitcoin Stays Steady Amid US Inflation Data**

Bitcoin (BTC) remained stable at the Wall Street open on August 30, hovering around $59,500 despite new US inflation data. The Personal Consumption Expenditures (PCE) Index came in slightly below expectations, reinforcing the likelihood of anticipated interest rate cuts in September.

Traders are eyeing $62,000 as a crucial resistance level. Popular trader Crypto Ed noted that surpassing this mark could turn him more bullish. Meanwhile, Josh Rager drew parallels with the 2020 Bitcoin breakout, cautioning that a stock market dip could impact BTC.

Optimistically, Titan of Crypto suggested that breaking through the Ichimoku Cloud at $59,600 might trigger an upward move. As August nears its end, Bitcoin is set to close the month down by 8%, yet it has rebounded 40% since early August.