Bitcoin is trading around $92,000 as the market anticipates the release of the U.S. September PCE inflation data on December 5. This data is crucial for the Federal Reserve's upcoming interest rate decision, with an 87% chance of a 25-basis-point rate cut. Market expectations for the core PCE annual growth rate are at 2.8%, indicating a cooling trend.
The crypto market remains cautious, with BTC's key battleground between $91,000 and $95,000. Analysts predict a 3–5% price swing in response to the PCE data. Resistance is noted at $93,800–$95,400, while support levels are at $90,700 and $89,000. The outcome of the PCE data could influence the dollar's strength and risk asset performance, with potential impacts on U.S. Treasury yields and rate-cut expectations.
Bitcoin Holds Steady at $92,000 as U.S. PCE Inflation Data Looms
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