PCE Index

Bitcoin remains in a bullish market structure despite a pullback after reaching the $85,000 target area. Traders are watching the $80,000 to $82,000 demand zone, US inflation data, and spot ETF inflows for confirmation of the next leg toward $90,000.

Goldman Sachs has withdrawn its forecast for no Federal Reserve rate hike, aligning with market expectations for a likely 25 basis-point move on Wednesday. The shift has sharpened debate over whether the Fed is responding to inflation risks or to Wall Street pricing.

Bitcoin is hovering near $80,000 after a sharp ten-day advance tied to easing pressure in long-term bond markets. Traders are now focused on Fed Chair Kevin Warsh’s Jackson Hole remarks for signals on inflation, rates, liquidity and crypto policy.