Bitcoin braces for FOMC and Big Tech earnings within $78K–$85K range
- —Bitcoin trades between $81,000 and $84,000, with $85,000 as resistance and $78,000 as support
- —Spot bitcoin ETFs drew more than $500 million in inflows during the week
- —Markets price an above-80% chance the Fed holds rates on October 28
- —Attacks on tankers in the Strait of Hormuz on October 22 lifted oil and weighed on BTC
Why it matters: The Fed decision and Big Tech earnings will determine whether bitcoin holds above $80,000 or tests $78,000.
Source: CoinDesk Japan