Bitcoin bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data.

Bitcoin (BTC) begins the last week of October fighting to hold $80,000 support ahead of a busy week of US macro data and earnings reports.

The US Federal Reserve is in focus for macro analysts this week as it will decide the next move on the federal funds rate on Wednesday. Markets will be watching the rate decision by the Federal Open Market Committee (FOMC), as well as language used by Fed chair Kevin Warsh at the accompanying press conference.

Markets have little doubt over what officials will decide, seeing over 90% odds that rates will stay in their current 3.75-4% range. FedWatch data shows consensus favoring a 0.25% hike at the December FOMC meeting.

Commenting, economist Robin Brooks argued that such expectations were a gift to Warsh, who would not need to fight external demands to change course.

“After very contentious Fed meetings earlier in 2026, this week’s meeting gets zero interest in markets, which price only 12% odds of a hike. That’s nothing versus how markets tried to push Warsh into hiking back in July. A temporary reprieve for Warsh,” he summarized.

In separate analysis last week, Brooks saw a rate pause as all but inevitable, even amid rising oil prices and growing concerns over military escalation in the Middle East. Brent crude reached $117 per barrel on Friday, its highest level since March 19 , before dropping to around $110 on Monday.

Source link