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Bitcoin struggles near $80,000 amid ETF inflows and Fed rate uncertainty

29 Oct 2026, 17:57 WIB
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Neutral
Bitcoin struggles near $80,000 amid ETF inflows and Fed rate uncertainty

Bitcoin's price hovered around $80,000 despite renewed inflows into Bitcoin ETFs totaling over $423 million in late October. The Federal Reserve's decision to keep interest rates steady but signal possible future hikes has added uncertainty, weighing on crypto markets. Bitcoin faces key support at $77,000 and resistance near $83,000, with a potential rally toward $85,000 if it breaks above resistance. However, risks remain from macroeconomic factors and selling pressure that could push prices down to $75,000 or lower.

While Bitcoin's price is discussed around $80,000 in the article, on Pluang as of Oct 29, 2026 22:02 WIB, BTC trades at Rp1.482.938.416 with a 1-day gain of 1.24%. This contrasts with the article's focus on potential price drops, as Pluang data shows a strong buy sentiment with 74% of orders favoring buying and a typical hold time of 112 days, indicating investor confidence despite macroeconomic uncertainties.

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