Bitcoin Price Prediction: Soft Inflation Sent Bitcoin Briefly above $85,000

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October 1, 2026

Bitcoin just got an inflation-fueled push above the $85,000 price level after softer than our prediction PCE. BTC trades at $84,100, up 1.3% over 24 hours, after reaching $85,500 the inflation data. But will buyers reclaim the breakout zone while Treasury yields remain elevated?

August headline PCE inflation rose 3.4% year over year, while core PCE increased 3.0%; monthly core inflation came in at 0.2%, below the 0.3% forecast. The report lowered market expectations for an October Federal Reserve rate hike and briefly lifted appetite for risk assets.