Bitcoin's recent pullback has caught traders' attention, as it marks the third day of decline. However, lower prices have attracted strong buying interest, likely fueled by cooler-than-expected U.S. inflation data. The Personal Consumption Expenditures (PCE) index came in at 2.4%, slightly below the forecast. This has improved market sentiment, which had turned bearish after Fed Chair Jerome Powell hinted at fewer rate cuts in 2025.

Analysts are debating whether this is a deeper correction or a buying opportunity. Bitcoin's accumulation range is forming at current prices, with key support levels to watch. The crypto market remains volatile, with traders closely monitoring price movements across top cryptocurrencies.