Bitcoin Braces for Macro Storm: Fed, PCE, GDP and Big Tech Earnings
- —The Fed is expected to hold rates at 3.75%-4.00% on Oct. 28, with December hike odds rising
- —Thursday brings the advance Q3 GDP estimate and the September PCE inflation gauge
- —About 20% of S&P 500 companies report, including Microsoft, Alphabet, Amazon and Intel
- —BTC rebounded from $79,100 and is trying to hold above $80,000
Why it matters: The Fed's guidance and inflation data will decide whether BTC's correction deepens or buyers reclaim control above $80,000.
Source: CryptoPotato