Bitcoin price drops 3% on hot US PCE data as analyst says $84K must hold

Bitcoin (BTC) sought a local bottom on March 28 while US inflation data came in higher than expected.

Bitcoin wobbles as PCE comes in hot

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $85,500 at the Wall Street open before reversing.

Down over 3% on the day, the pair saw lows under $84,500 on Bitstamp, marking its lowest levels since March 23.

The February print of the US Personal Consumption Expenditures (