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Bitcoin tests $80K support amid bearish signals and macroeconomic pressures ahead of Fed meeting.

Market News
24 Oct 2026
The Currency Analytics
View Source
Bearish
Bitcoin tests $80K support amid bearish signals and macroeconomic pressures ahead of Fed meeting.

Bitcoin is struggling to hold the $80,000 support level after failing to maintain above $83,000, signaling potential further downside. Analyst Benjamin Cowen warns that a weekly close below $83,000 on October 25 would strengthen bearish sentiment through 2026. This comes amid macroeconomic uncertainties including the upcoming Federal Reserve meeting and inflation data releases, which could influence market volatility. Corporate holders face losses if prices fall below $80,000, and institutional flows show weakness, adding to the cautious outlook. The key levels to watch are $80,000 for support and $83,000 for recovery, with further downside possible if selling continues.

Bitcoin is trading at Rp1.454.663.039 on Pluang, down 1.22% in the last day. As of Oct 24, 2026 19:22 WIB, the platform shows a market cap of Rp29.286,06T and a 64% buy order activity, indicating ongoing investor interest despite recent price pressures.

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