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

Bitcoin has established a fresh support level, which might come under pressure following Thursday's release of the U.S. core personal consumption expenditures (PCE) data. This key inflation figure could influence investor sentiment and market dynamics, particularly for cryptocurrencies like Bitcoin. The outcome of this report will be crucial in determining whether Bitcoin can maintain its new support or if it faces a downward correction. Inflation data often drives economic decisions, and its impact on Bitcoin could have broader implications for the crypto market.