US PCE Inflation Data Fails to Stop Bitcoin Dipping Under $109,000

Main points:

• Bitcoin sellers are trying to break the support of $ 109,000 in the Wall Street open final.

• BTC Price Action can turn about $ 100,000 as a result, although the large “Delegen” event.

• PCE inflation does not provide any relief for encryption.

Bitcoin (BTC) threatened the lowest levels in the new September in Wall Street Open on Friday, when inflation data in the United States failed to stimulate bulls.

Liquidity accumulates with the low price of bitcoin

Data from Cointelegraph Markets Pro and Tradingvief It showed that BTC/USD risked a collapse of less than $ 109,000.

The liquidity of the exchange book in the demand book on both sides of the immediate price, providing both the bullish “magnets” and the negative aspect of momentum.

In the largest global exchange, bidding was collected about $ 10,200, with short qualifiers due to $ 110,000, for all data from Coinglass.

“Bitcoin futures have seen another wave of long qualifiers as the price moved less than 111 thousand dollars,” summary In a post on X.

“This flow of leverage reflects a wide -ranging event, and often reset the market situation and reduce the risk of more tuning.”

However, traders have been screaming at the risks, as the BTC price has become about $ 100,000 more popular.

“$ BTC hovers above its support level directly, a market takes from the encryption investor and businessman Ted Bodes Read On a day.

“If this level continues, Bitcoin may gather about 112,000 dollars. In the event of a collapse, BTC will re -test the support area of ​​$ 101,000 before reflection.”

PCE data maintains cuts

The macroeconomic events had an improper impact on the encryption market path.

Related to: Bitcoin has seen most of the fear since 83 thousand dollars as an “turning point” eyes analysis

Personal consumption expenses (PCEThe index, known as the “favorite” “Federal Federal Reserve”, arrived in line with expectations by 2.7 %.

The reaction, the trading supplier concluded Kobeissi’s speech that although PCE was at the highest level in seven months, the Federal Reserve will move forward with discounts in the rate of benefits required by encryption traders and risk materials.

“PCE is an enlarged level since February 2025. However, the Fed will continue to reduce rates He said X followers.

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