Bitcoin slips 1.5% as PCE inflation data comes in hot
- —PCE matched forecasts, yet S&P 500 futures fell 0.5%
- —BTC fell 1.5% on the day and bounced off $79,500 support
- —The 50-day moving average above price is capping upside
- —A weekly bull flag breakout could open the way to $90K
Why it matters: The $79,500 level is now pivotal: a break lower would embolden sellers, while reclaiming the 50-day average would restart the rally.
Source: Crypto Daily