Bitcoin Down 2% To $71K, Faces 'Resistance' Says Trader Who Targets This Price For A Correction

Bitcoin (CRYPTO: BTC) is trading 2% down on the day, revisiting the $71,000 mark for the second time this week, with analysts predicting a potential correction for the crypto king. What Happened: The U.S. reported higher than-expected Producer Price Inflation data, showing a 0.6% increase month-over-month for February,

Bitcoin (CRYPTO: BTC) is trading 2% down on the day, revisiting the $71,000 mark for the second time this week, with analysts predicting a potential correction for the crypto king. What Happened: The U.S. reported higher than-expected Producer Price Inflation data, showing a 0.6% increase month-over-month for February, compared to the market's estimated 0.3% rise.