Bitcoin Holds Near $80K as Fed Decision Puts BTC at a Critical Turning Point

Bitcoin is hovering near the $80,000 region as traders prepare for the Federal Reserve’s October 27–28 meeting, putting BTC at an important technical and macroeconomic crossroads. The Federal Reserve is widely expected to keep interest rates unchanged at 3.75%–4.00%, but persistent inflation means investors will focus closely on signals about future policy. Bitcoin has struggled to regain momentum after falling back from recent highs. CryptoDaily technical analysis identifies the $80,300–$84,000 region as an important resistance zone. If support fails, however, BTC could revisit the mid-$70,000 region, with deeper downside risk toward $70,000.

Source: Crypto Daily