Analysts maintain a Bitcoin target of $80,000, as PCE inflation data boosts market sentiment
By: rootdata|2026/04/09 14:42:01
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The latest U.S. PCE inflation data largely met expectations, easing market uncertainty, and Bitcoin's price stabilized after previously reaching around $73,000. Data shows that the core PCE year-on-year is 3%, and month-on-month is 0.4%. The market is also influenced by the easing situation between the U.S. and Iran, but analysts point out that the current PCE data has not yet reflected potential energy price shocks.
Although the inflation data did not trigger significant market fluctuations, investors remain cautious about the Federal Reserve's interest rate cut expectations for this year. Economist Mohamed El-Erian stated that compared to PCE, the upcoming CPI data to be released this week will have a more critical impact on the market, especially against the backdrop of oil price fluctuations. On the trading front, the market remains in a volatile range, with liquidity mainly concentrated in the $69,000 to $76,000 range. Trader Michaël van de Poppe believes that as long as the key support range holds, Bitcoin is expected to start a new round of upward momentum, targeting $80,000.
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