Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.

CoinDesk·

Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.

60-second summary

Bitcoin is holding a new support level around $28,000, which could be tested following Thursday's core PCE data release. The market is closely watching the US inflation numbers, with a potential 0.4% increase expected. A higher-than-expected reading could stress test this support level, influencing Bitcoin's price and the overall market sentiment.

The market has found a new support level and it could be tested following Thursday's U.S. inflation data.