BTC Price Dips to $83,864.9 Amid Rising Inflation Concerns: Market Analysts Advise Caution

As of March 29, Bitcoin (BTC) has experienced a 0.61% decrease, trading at $83,864.9. Recent economic indicators from the U.S. reveal a monthly rise in Core PCE inflation of 0.4%, marking the highest increase in a year, with an annual rate of 2.8%, surpassing analyst projections. In light of this data, inflation expectations have surged to a 32-year peak according to the University of Michigan, intensifying market apprehension about potential inflationary pressures.

Renowned analysts at Bitunix emphasize that the cryptocurrency market is currently navigating a period characterized by macroeconomic uncertainty. A prevailing strategy should focus on observing market sentiment for indicators of stabilization. Should Bitcoin manage to maintain its position above $82,000 and attract fresh capital inflows, it could present a viable opportunity for gradual position accumulation, setting sights on a target price exceeding $90,000.