Analyst: Bitcoin may fall due to the impact of US PCE data, 84,000 US dollar is the current key support level

Although the US month-on-month and year-on-year PCE data are in line with market forecasts, the core PCE equivalent is higher than expected, or due to this macro factor, Bitcoin fell to the $84,500 range. Analyst Michaël van de Poppe pointed out that the current market is in a state of shock, with $84,000 as a key support level. If it falls below this level, Bitcoin may test $78,000-80,000, or even lower before rebounding. The broader outlook does not seem to be enough to support the claim of a sustained bull market.