#BitcoinClears$85200 🚨 BTC JUST RECLAIMED $85K. NOW WATCH $87.4K
Bitcoin made a move jumping above $85,200 and touching $85,500 for a brief moment. This boost came after U.S. Inflation data came in softer than expected giving risk assets like Bitcoin a lift.
The key trigger?
🇺🇸 August PCE inflation clocked in at 3.4% below the projected 3.7%. Core PCE also missed expectations coming in at 3.0% of 3.3%. Lower inflation meant Treasury yields dropped and the chance of a Fed rate hike in October looked less likely.
For Bitcoin traders the price levels are clear:
🔹 $85K → this is a reclaim zone
🔹 $85.5K to $86.2K → immediate resistance area
🔹 $87.3K to $87.4K → September’s high, a major test level
🔹 $82.5K, to $83K → a strong downside support zone to watch
Now the big question:
Can Bitcoin turn $85K into real support or was this just another short-term bounce fueled by liquidity? 👀
Keep an eye on the chain reaction: PCE numbers → Treasury yields → Fed expectations → Bitcoin price movement.
Where do you think BTC will go next? Are you watching $87.4K for a breakout. Watching $83K for a potential drop?
#bitcoin #Khan62 #crypto #cryptotrading
Bitcoin made a move jumping above $85,200 and touching $85,500 for a brief moment. This boost came after U.S. Inflation data came in softer than expected giving risk assets like Bitcoin a lift.
The key trigger?
🇺🇸 August PCE inflation clocked in at 3.4% below the projected 3.7%. Core PCE also missed expectations coming in at 3.0% of 3.3%. Lower inflation meant Treasury yields dropped and the chance of a Fed rate hike in October looked less likely.
For Bitcoin traders the price levels are clear:
🔹 $85K → this is a reclaim zone
🔹 $85.5K to $86.2K → immediate resistance area
🔹 $87.3K to $87.4K → September’s high, a major test level
🔹 $82.5K, to $83K → a strong downside support zone to watch
Now the big question:
Can Bitcoin turn $85K into real support or was this just another short-term bounce fueled by liquidity? 👀
Keep an eye on the chain reaction: PCE numbers → Treasury yields → Fed expectations → Bitcoin price movement.
Where do you think BTC will go next? Are you watching $87.4K for a breakout. Watching $83K for a potential drop?
#bitcoin #Khan62 #crypto #cryptotrading