By nostrac on Skatehive
After a roller-coaster start to 2026, Bitcoin is showing serious signs of life. Today, March 13, the flagship cryptocurrency surged back above the $72,000 mark, currently trading around $72,394. This move marks a significant 3% jump from yesterday and suggests a potential trend reversal is in the works. What’s Driving the Pump? The market sentiment has shifted from "Extreme Fear" earlier this week toward a more neutral stance as macro pressures cool down. Here’s what you need to know: The "Bessent Effect": U.S. Treasury Secretary Scott Bessent’s recent comments on easing oil price pressures have injected confidence back into risk assets. Institutional Inflows: While gold has seen outflows, BlackRock’s iShares Bitcoin Trust (IBIT) continues to absorb massive capital, reinforcing the "digital gold" narrative. PCE Day Jitters: All eyes are on today’s U.S. PCE inflation data. A "cool" print could be the fuel BTC needs to break the $75,000 resistance. Technical Outlook: Where to Next? Analy