NewsSignals AI analysis·Cointelegraph·
Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings
Bitcoin's rebound stalled below its 50-day moving average at $81,831, with BTC falling around 0.3% after failing to sustain gains above $81,687 ahead of the Federal Reserve's interest-rate decision. Glassnode reported only $3.4 million in bids at $80,000, while stronger bid liquidity of about $42 million accumulated between $78,000 and $79,000. BTC could face further downside pressure if support weakens, while Fed Chair Kevin Warsh's comments could influence near-term market direction.
Bullish strength: 30/100
- Approximately $42 million in bid orders accumulated between $78,000 and $79,000, up from $24 million in mid-October.
- Markets overwhelmingly expected the Federal Reserve to hold interest rates steady at 3.75%-4%.
Bearish strength: 70/100
- Bitcoin failed to break above its 50-day moving average at $81,831, which acted as resistance.
- BTC fell around 0.3% after reversing from its intraday highs.
- Only $3.4 million in bids remained at $80,000, indicating limited bid liquidity at that level.
- A four-hour close below $80,565 could reduce the probability of retesting the 50-day moving average.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.