Bitcoin Dropped Under $80K on Fed HIKE Fears!!
1 extracted signal · 0 resolved · 1 still active
Marzell CryptoIndependent analyst profile- Source published
- 15 Oct 2026, 16:47 UTC
- Recorded by Tahlil Plus
- 15 Oct 2026, 22:27 UTC
AI-generated source summary
Bitcoin experienced a significant drop below $80,000 for the first time in four weeks, influenced by fears of a Federal Reserve rate hike following hotter-than-expected US PPI data. The price briefly touched $79,800 before a sharp recovery of nearly $3,000, reaching $82,631. This swift rebound from the low, described as a 'classic sweep,' suggests that buyers stepped in strongly at the sub-$80,000 level. The analysis highlights bullish divergence on the 4-hour chart, with price making a lower low while the RSI made a higher low, indicating that selling pressure might be waning. On a weekly chart, Bitcoin is trading between the 100-week average (around $89,800, acting as resistance) and the 50-week average (around $77,150, acting as support). The trader has a long position open from $83,409.7, with a target of $108,000 and a stop-loss set at $73,500, which is below the 50-week average. The expectation is for Bitcoin to break above the $89,800 resistance and continue its upward trend.
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Marzell Crypto
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