Bitcoin Price Prediction: Soft Inflation Sent Bitcoin Briefly above $85,000

Key points

• Bitcoin trades at $84,100, up 1.3% in 24 hours, after briefly reaching $85,500 following softer-than-expected US PCE inflation data.
• August headline PCE rose 3.4% year over year and core PCE 3.0%, with monthly core at 0.2%, below the 0.3% forecast.
• The article says the move faded as the 10-year Treasury yield held near 5.3%, with resistance at $84,800–$85,800 and support at $82,500–$83,000.

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