Bitfinex: Bitcoin tests $79,250 support ahead of Fed rate decision
- —BTC's 9.3% weekly drop is its steepest since July lows
- —Support at $77,000–$77,765 aligns with large investors' average cost basis
- —A sustained move above $82,500 could end the consolidation phase
- —Odds of a December rate hike have risen to 72%
Why it matters: The Fed decision on October 28 and Big Tech earnings will determine whether bitcoin holds above $77K or extends its slide.
Source: Cryptonews.net