Bitcoin Hovers Near $92,000 Ahead of PCE Inflation Data Release

Bitcoin traded around $92,000 on Dec. 5 as markets awaited September PCE inflation data due later that day, BlockBeats reports. The Core PCE annual rate is forecast at approximately 2.8%, slightly above target but reflecting a cooling trend. A reading at or below expectations could support risk assets by weakening the dollar and reinforcing a soft-landing narrative, while a higher-than-expected figure may lift Treasury yields and dampen rate-cut expectations. Bitunix analysts said BTC faces key resistance at $93,800–$95,400 and support at $90,700 and $89,000, with potential swings of 3–5% following the release. The probability of a 25-basis-point rate cut in December stands at 87%.