Bitcoin Rides on Alert Ahead of U.S. PCE Announcement

BTC Flips $27,000 On Jun. 27 After Rising Up of Yesterday
Altcoin Slightly Downs or Goes Sideway On Intra Day
Experts "BTC Predicts Upside Following U.S. Futures Market"

Bitcoin(BTC) went sideways on Jun. 27 due to the sense of vigilance formed ahead of the announcement of personal consumption expenditure(PCE) in the U.S. in May.

The PCE is a major economic indicator that the U.S. Federal Reserve(Fed) considers the most in determining the benchmark interest rate. In particular, "risk assets" tend to fall or move sideways due to increased vigilance right before the PCE announcement.

The cryptocurrency market went sideways despite easing tensions in the Middle East due to tensions ahead of the PCE announcement.

A number of altcoins, including Bitcoin crossing the $107,000 level on the 27th, fell slightly or remained at a similar price point to the previous day.

◇Bitcoin = Bitcoin price is $107,138 at 4:30 p.m. on Jun. 27, 2025. The Bitcoin share(dominance) was 65.35%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 39.72% and 60.28%, according to the on-chain analytics platform Sigbtc.

Experts predicted that Bitcoin will soon hit a new high due to easing geopolitical tensions in the Middle East and expectations of a rate cut by the U.S. Fed.

Nick Luck, director of cryptocurrency market analysis platform LVRG Research, said in an interview with CoinTelegraph, a cryptocurrency media outlet, on the 26th that Bitcoin is also preparing for a surge based on the record breaking in the U.S. stock futures market.

Luck said, "The announcement of the ceasefire in the Middle East and the expectation of the Fed's rate cut are reflected in the current U.S. futures market performance," adding, "Investors are currently increasingly risk-taking." "If the Fed cuts interest rates in the next few months, Bitcoin could cross the $109,000 resistance line and enter a new price range, coupled with the continued inflow of institutional funds," he said.

Jeff May, general manager of operation of the cryptocurrency exchange BTSE, also explained, "The conflict between Israel and Iran has ended, and Bitcoin has conditions to surpass the previous high of $112,000."

Arthur Hayes, CEO of BitMex, also said, "Bitcoin's all-time high is approaching," adding, "The regulation of stablecoins in the U.S. and easing tensions in the Middle East are major triggers."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jun. 25 was Sei(SEI), up about 13% on the day alone.

Sei Network is the first blockchain protocol specialized for asset trading.

A developer must submit a proposal before distributing smart contracts using the Sei Network and require approval from governance. The Say Network aims to provide a possible environment for the emergence of new types of financial products, ranging from decentralized Nasdaq roles and complex options and futures in live sports betting.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 65 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 60.2, which was 'neutral'. The RSI sets the relative strength between the upward and downward pressures of a particular asset price and is an indicator of the over-buying and over-selling measures of a particular asset.

권승원 기자 ksw@blockstreet.co.kr