Bitcoin Stalls Below $80K as Fed Holds Steady
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Bitcoin faced a critical test this week as the Federal Reserve maintained its target range at 3.5%-3.75%, citing elevated inflation linked to global energy prices and geopolitical tensions in the Middle East. The decision left BTC capped below a dense on-chain supply zone around $80,000, with Chair Jerome Powell's press conference providing no fresh catalysts for a breakout. The lack of dovish signals reinforced a cautious market stance, as traders weighed persistent macro headwinds against Bitcoin's resilient demand.
From a technical perspective, Bitcoin's failure to breach the $80K resistance highlights the strength of supply clusters in that zone, while on-chain data suggests accumulation at lower levels. However, the Fed's explicit acknowledgment of energy-driven inflation may keep risk assets under pressure in the near term. Without a clear catalyst—such as a shift in monetary policy or a geopolitical de-escalation—Bitcoin is likely to consolidate, with support at $75,000 acting as a key floor. The market remains in a wait-and-see mode, with institutional flows and ETF activity providing a stabilizing backdrop.
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