Bitcoin price ignores PCE inflation as bears eat through $109K support
Bitcoin showed no sign of a major rebound after the release of major US inflation data, with bid liquidity clustered at $108,200.
Key points:
Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open.
BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event.