# Bitcoin Price Rejection at 50-Day Trend Line Ahead of FOMC Market participants remain cautious as Bitcoin struggles with resistance before key economic policy decisions. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-10-28 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/8327000c-64fd-48fa-804c-09f6ec5e7280 ## Bitcoin Faces Technical Resistance Bitcoin failed to surpass its 50-day simple moving average, which acted as resistance at $81,831. The asset reversed from a high of $81,700 to trade near $80,297 on Bitstamp. This price action reflects a broader struggle to maintain momentum as traders await critical updates from the Federal Reserve regarding interest rates. ## FOMC Meeting and Rate Outlook Markets are currently bracing for the Federal Open Market Committee meeting statement. CME Group’s FedWatch Tool indicates a 90.6% probability that officials will maintain rates within the 3.75-4% range. Investors are primarily focused on the language used by Fed Chair Kevin Warsh during the upcoming press conference regarding economic health. ## Election Uncertainty Impacts Sentiment Keith Alan of Material Indicators suggests that while markets have priced in a potential rate pause, the upcoming US midterm elections on November 3 remain an unpriced variable. Traders are expected to digest these political outcomes alongside Fed commentary, which could significantly shift market expectations for a potential December rate hike. ## Tech Earnings and AI Sector Data analyst Charl van Zyl highlights that upcoming tech earnings will be pivotal for assessing the AI sector's health. The Nasdaq Composite Index remains 34% below its June 22 record of 9,115. Despite a recent 10% bounce over two days, the index continues to struggle compared to its previous peak performance levels. ## Liquidity Shifts Below $80,000 Onchain analytics from Glassnode indicate a notable shift in exchange order-book liquidity. Bid liquidity has moved further below the $80,000 level, suggesting a lower reversal area if downside pressure accelerates. Currently, only $3.4 million in bids remains at $80,000, while orders between $78,000 and $79,000 have increased to $42 million. ## Short-Term Price Probability Technical analysis on four-hour time frames suggests that a close below $80,565 would reduce the likelihood of retesting the 50-day simple moving average. The current market environment is characterized by low time frame resistance, forcing traders to monitor support levels closely as liquidity migrates toward the $78,000 to $79,000 range. ## Global Market Divergence Observed The tech-heavy Nasdaq did not mirror the performance of South Korea’s KOSPI Composite Index. The KOSPI recently closed up 6.6%, marking its strongest daily gain since July. This divergence highlights varying regional responses to global economic conditions and the specific pressures currently facing US-based technology and cryptocurrency market participants today. ## Strategic Market Positioning The convergence of the FOMC meeting, midterm election uncertainty, and tech earnings creates a complex environment for Bitcoin. Investors are balancing technical resistance at the 50-day moving average against shifting liquidity profiles. The market's reaction to Fed Chair Warsh’s commentary will likely dictate the direction of price action in November. ## Sources covering this story - https://cointelegraph.com/markets/bitcoin-price-bounce-rejected-at-50-day-trend-line-ahead-of-fomc-earnings?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._