Bitcoin Price Before the Core PCE at 14:30 CEST: Will the $82,735 Level Hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.At 14:30 CEST today the Bureau of Economic Analysis publishes the core PCE deflator for August, the inflation gauge the Fed anchors its 28 October rate decision to. Bitcoin stands at $83,329, less than $600 above its daily low, and anyone holding on leverage decides this morning.At 8:30 am Eastern time today the US statistics office publishes the figure that will shape October on the crypto markets more than any analyst opinion: the core PCE deflator for August. Bitcoin trades at $83,329, or €73,513, at this moment, just 0.71 percent above its 24-hour low. That is the narrowest gap to a confirmed support level since the weekend, and it runs into a release that has a track record of moving prices by whole percentage points. The short answer to what today means for you: anyone holding bitcoin in their own wallet with no intention of selling needs to do nothing at all. Anyone holding a leveraged long has until 14:30 CEST to keep their liquidation price clear of the $82,735 level. A...