Bitcoin Crashes Below $84,000, But Here’s Why Experts Expect ‘Stronger Sentiment’ Soon

Bitcoin’s (CRYPTO: BTC) price action may soon escape its current consolidation phase, analysts say, as several key catalysts—ranging from regulatory shifts to evolving U.S. crypto policy—signal a potential breakout.
What Happened: While inflation concerns have postponed rate cut expectations, BTC’s resilience amid macro uncertainty is reviving investor confidence.
Bitcoin has been trading in a tight range following hotter-than-expected inflation data, but analysts believe a convergence of regulatory clarity, policy momentum, and geopolitical tailwinds could trigger the next leg higher.
On Friday, the core Personal Consumption Expenditures (PCE) index printed at 2.8% year-over-year—slightly above expectations of 2.7%.
This modest upside surprise has dimmed hopes of imminent interest rate cuts, with the Federal Reserve likely to take a more measured approach.
Still, Bitcoin has held firm.
“Bitcoin is only down 0.40%, still defending its crucial $84,000–$85,000 support zone,” said Matt Mena, Crypto Research Strategist at 21Shares, in a note shared with Benzinga.
“This resilience speaks to Bitcoin’s unique value proposition… a non-sovereign store of value designed to help weather your portfolio through …Full story available on Benzinga.com

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