Bitcoin’s $59,000 support faces a key test from Thursday’s core PCE inflation report

Bitcoin is approaching a critical juncture as traders focus on a newly established support level near $59,000. Thursday’s U.S. core Personal Consumption Expenditures (PCE) data could provide a major test of how the cryptocurrency holds up under shifting macro conditions. The reading may influence near-term sentiment by showing how bitcoin reacts to economic pressure and uncertainty. Investors and analysts are expected to watch closely for signals on bitcoin’s stability and direction in the weeks ahead.