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Bitcoin hovers near $82K ahead of Fed decision and key US inflation data in late October and November

Market News
17 Oct 2026
Crypto news
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Neutral
Bitcoin hovers near $82K ahead of Fed decision and key US inflation data in late October and November

Bitcoin traded around $81,500 on October 17 after briefly dipping below $80,000 earlier in the month. The upcoming Federal Reserve meeting on October 28 and US inflation data in November will heavily influence Bitcoin's price direction. Despite a recent recovery, weak demand from US spot Bitcoin funds and rising Treasury yields pose challenges. The price outlook ranges from a potential rise to $95,000 if demand and policy conditions improve, to a drop near $75,000 if tightening continues and fund outflows persist.

Bitcoin price outlook is the subject, with Pluang market data providing context. For readers following major cryptocurrencies, 7 rose and 42 fell today among 50 priced assets. Notable movers include SNX at Rp3.849 with a -6.08% change and 100% buy order activity, ALGO at Rp1.999 with -6.06% change and 87% buy activity, and COTI at Rp199 with -5.88% change and 77% buy activity. This data is as of Oct 17, 2026 20:21 WIB.

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