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## Analysis of Bitcoin Price Movement Following US Inflation Report

The Bitcoin (BTC) price has been fluctuating around the $64,000 mark in response to the latest US inflation data report. The Core PCE index rose by 0.3% MoM in March, aligning with market expectations. This translates to an annualized inflation rate of approximately 3.6%, surpassing the Fed’s 2% target and indicating elevated inflation levels in the US.

Economists are concerned about sustained high housing and utility inflation, suggesting that price pressures may remain high in the near future. The potential for continued high inflation could lead the Fed to maintain higher interest rates for an extended period. With strong economic data reports in recent weeks and the DXY and US bond yields nearing multi-month highs, the macroeconomic environment is currently unfavorable for Bitcoin.

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### Long-Term Bullish Outlook for Bitcoin

In the long term, many experts remain confident in Bitcoin’s potential to enter a bull market. Despite recent historical patterns, Bitcoin reached all-time highs prior to its fourth quadrennial halving, driven by ETF demand. This raises the possibility of a post-halving correction, but it does not diminish the long-term positive outlook for Bitcoin.

The long-term trend for increased traditional finance (TradFi) adoption and investment in Bitcoin, accelerated by the availability of ETFs, remains intact. Additionally, macroeconomic factors, such as global currency debasement, support Bitcoin’s role as “digital gold” and a valuable asset in a changing financial landscape.

### Decentralized Financial Technologies and Bitcoin’s Future

As the adoption of decentralized financial technologies grows, more individuals are recognizing the utility of Bitcoin as a decentralized, secure, and censorship-resistant payment system. Crypto firms are continually developing centralized and decentralized platforms to enhance Bitcoin’s usability and accessibility to a wider audience.

With ongoing technological advancements and increasing mainstream acceptance of Bitcoin, the cryptocurrency is poised to challenge the $100,000 mark in the coming years, possibly by 2024 or 2025.

*Disclaimer: Crypto investments are high-risk, and this article serves as informational content rather than investment advice. Capital loss is a possibility when investing in cryptocurrencies.*

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