Analysis: Bitcoin forms a chip accumulation zone between $62,000 and $72,000, with potential for new breakthrough momentum

SmartContractAuditor · 2026-03-13T10:06:27+00:00

Against the backdrop of escalating tensions in the Middle East, Bitcoin has broken through $72,000, demonstrating market resilience. Market participants are closely monitoring the upcoming U.S. PCE price index release, with analysts suggesting that if capital inflows continue, Bitcoin could achieve a medium-term breakthrough.

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2026-03-13 10:06:27

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Odaily Planet Daily reports that amid ongoing geopolitical tensions in the Middle East, Bitcoin’s price has surpassed $72,000, reaching a new high since March 5, demonstrating strong market resilience. The market is also paying attention to the upcoming U.S. PCE inflation index, a key indicator used by the Federal Reserve to measure inflation. U.S. President Trump has once again pressured the Fed ahead of the PCE data release, calling on Chair Powell to cut interest rates immediately, stating that it should not wait until the next FOMC meeting. Bitcoin has performed “surprisingly strong” amid recent geopolitical shocks, according to Glassnode data, with a new accumulation zone forming between $62,000 and $72,000. However, compared to previous phases that drove significant rallies, current accumulation strength remains relatively limited. Analysts believe that if capital continues to flow in, Bitcoin could form new medium-term breakout momentum. (Cointelegraph)

BTC3.86%

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