Bitcoin Tests Key Support of $84 000 Amid Rising Inflation in the U.S.
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Bitcoin is testing the critical $84,000 support level following the release of US personal consumer expenditure (PCE) index data that exceeded analysts' expectations. The cryptocurrency market is experiencing volatility, with bitcoin ETFs showing steady inflows for 10 consecutive days, while analysts warn of potential downside risks if the support level is breached.
March 28, 2025 | 8:45 pm
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Bitcoin is at risk of a potential price correction if it falls below the $84,000 support level, with analysts suggesting possible testing of lower price ranges between $78,000-$80,000.
The PCE inflation data exceeding expectations and potential breach of $84,000 support level could trigger a short-term bearish sentiment for Bitcoin.
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