Bitcoin sellers tried to break the $109,000 support at the week’s close, potentially pushing price towards $100,000 due to a “deleveraging” event. US PCE inflation data failed to help crypto bulls as BTC threatened new lows at Friday’s Wall Street open. Liquidity remained thick around $109,000 on exchanges, with futures seeing long liquidations below $111k.

Despite macroeconomic events, PCE data showed inflation in line with expectations at 2.7%. The Fed is expected to continue interest rate cuts despite the high inflation, providing some relief for crypto and risk-asset traders. Bitcoin remains volatile, with traders eyeing support at $101,000 and potential rally towards $112,000 if the current support level holds.

Read more at Cointelegraph: US PCE Inflation Data Fails to Stop Bitcoin Dipping Under $109,000