Market Outlook: Bitcoin Expected to Fluctuate Around $84,000 in Early October

Following the release of U.S. core PCE inflation data, which came in at 3% against a 3.3% expectation, the probability of a rate hike in October has significantly decreased. Despite Bitcoin's brief rally to $85,500, the market remains skeptical of the data's accuracy. Analysts anticipate that upcoming non-farm payroll and CPI data will likely continue to support a pause in rate hikes, leading to a period of volatility for Bitcoin, with prices expected to oscillate around the $84,000 level in early October.