Bitcoin at $77,600: market awaits Fed decision, $80,000 remains resistance
- —BTC rose 0.5% in 24 hours to $77,600, down 2.9% for the week
- —U.S. spot bitcoin ETF outflows: $46.6 million, $120.2 million and $282.7 million over three sessions
- —Bitcoin futures open interest is about $50.9 billion, with funding slightly positive
- —Key supports: $76,350 (active investors' cost basis) and $75,000
Why it matters: The Fed meeting's outcome will determine whether BTC breaks $80,000 resistance or falls to $75,000, with weak ETF demand adding downside risks.
Source: Cryptonews.net