Bitcoin briefly surpassed the $85,000 threshold following softer-than-expected PCE inflation data. BTC is now trading at $84,100, up 1.3% over 24 hours, after reaching $85,500. August headline PCE inflation came in at 3.4% year over year, with core PCE at 3.0% and monthly core inflation at 0.2%, below the 0.3% forecast. This report lowered market expectations for a Federal Reserve rate hike in October and briefly boosted appetite for risk assets, though the move faded as Treasury yields remained elevated. Resistance sits at the $84,800-$85,800 band with support at $82,500-$83,000, and $80,000 as a deeper reference level if sellers regain control.
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