Bitcoin has established $59,000 as a critical support level, replacing the previous $60,000 mark, according to CoinDesk. The cryptocurrency rebounded from this level multiple times in June, including a recent dip to $59,000 before climbing back to $61,000. A similar pattern was observed on June 5, when Bitcoin bounced from $59,000 to $67,000 within days. The upcoming release of the U.S. Federal Reserve's preferred inflation measure, the PCE data, is expected to be a pivotal moment for Bitcoin. The core PCE is anticipated to rise by 3.3%-3.4% year-over-year, marking the highest increase since October 2023. If the data exceeds expectations, it could confirm persistent inflation, potentially leading to stronger rate hike expectations and a stronger dollar, which may pressure cryptocurrencies. Conversely, lower-than-expected data could ease rate hike concerns, supporting Bitcoin's rebound from the $59,000 level.