Bitcoin drops below $80K as two of nine Cowen roadmap targets hit
- —Cowen counted a weekly close below $83K and the Oct. 25 false breakout
- —The roadmap is invalidated if BTC reclaims and holds above $83K
- —Fed rate decision lands Oct. 28, September PCE on Oct. 29
- —Brent settled at $116.72; 10-year Treasury yield was 5.10% on Oct. 15
Why it matters: This week's Fed and PCE data will show whether bitcoin is trading on rates and oil rather than crypto-native demand.
Source: BeInCrypto IT
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