Bitcoin: Surges Above $85,000 on PCE Data
Bitcoin surges above $85,000 while ETH reclaims $2,700 after PCE hits six-month low, triggering $75 million short liquidations in one hour.
SourceAnalysis
Bitcoin surges above $85,000 and ETH reclaims $2,700 after PCE inflation prints at a six-month low, with over $75 million in shorts liquidated in the last hour.
Price holds at $84501.49 inside the Bollinger Bands with upper resistance at $84982.66, while the bullish EMA50 at $83539.47 and EMA200 at $79554.96 act as layered support beneath. MACD golden cross at -62.0 reinforces trend strength even as RSI at 56.42 stays neutral, suggesting the move can extend once volatility exhausts at the upper band without immediate overbought risk.
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