Bitcoin Price Forecast: PCE Came Softer Than Expected, Now What?

Bitcoin is trading near $84,116 on October 1, up about 1.3% over 24 hours. BTC briefly topped $85,500 after softer U.S. inflation data, before high bond yields erased much of the move. That leaves the short-term Bitcoin price forecast hinging on one question: can cooling inflation outweigh pressure from the bond market? The August Personal Consumption Expenditures (PCE) report, released September 30, came in well below forecasts. Headline inflation rose 3.4% year over year, against expectations of 3.7%. Core PCE eased to 3.0%, below the 3.3% forecast. On a monthly basis, headline prices rose 0.3% and core rose 0.2%. BREAKING: Bitcoin and Ethereum just printed their highest monthly close of 2026.$BTC surged +$25,800 and 44% in the past 3 months, delivering the best Q3 returns since 2017.$ETH surged 71.2% in the same period, its best quarter in history. Macro indicators confirm crypto has… pic.twitter.com/hY1Z195n2m — Bull Theory (@BullTheoryio) October 1, 2026 Join Coinspeaker’s $1,000 Prize Drop on BybitHow Did Bitcoin React to the Softer PCE Report? BREAKING: US August PCE inflation, the Fed's preferred inflation metric, falls to 3.4%, below expectations of 3.7%. Core PCE inflatio...