Bitcoin Holds $79,200 Before the Fed, Coinbase Earnings and a $10.9B Expiry: Which Way Next?

Bitcoin held above $79,200 for a third straight day on Monday, October 26, as traders braced for a week that puts Wednesday’s Federal Reserve decision, Thursday’s Coinbase and Strategy earnings and Friday’s $10.9 billion options expiry into three back-to-back sessions. Nobody wants to be early. The key Bitcoin news this week is the calendar. Bitcoin trades near $80,300, flat on the day and down 2.4% in a week. Monday’s dip to $79,369 was bought within hours, just as Saturday’s low of $79,221, the lowest since September 18, was. So what is pressing on the price, and which levels decide the break? FED EXPECTED TO HOLD RATES AS DECEMBER HIKE LOOMS The Federal Reserve is expected to hold rates this week, with markets heavily favoring another hike in December.

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