Bitcoin's resilience in the face of market volatility has been a key talking point among traders, especially as we approach significant economic events like the Federal Open Market Committee (FOMC) meeting. According to crypto analyst Michaël van de Poppe, Bitcoin is holding up nicely with a slight retest following a strong breakout, which he describes as a normal occurrence pre-FOMC. This perspective suggests that the cryptocurrency might be bottoming out today, paving the way for an uptrend in the remainder of the week. As of October 28, 2025, this analysis aligns with Bitcoin's recent price action, where it has maintained support levels despite broader market pressures.

Analyzing Bitcoin's Recent Breakout and Retest Dynamics

In the trading world, breakouts followed by retests are classic patterns that often signal potential trend continuations. Bitcoin recently broke out from a consolidation phase, pushing above key resistance levels around $65,000 to $68,000, based on historical chart data up to late October 2025. This breakout was accompanied by increased trading volumes on major exchanges, with daily volumes surpassing 50 billion USD in spot markets during the surge. The subsequent retest, as noted by van de Poppe, has seen Bitcoin dipping slightly to test the previous resistance as new support, hovering around $66,500 at the time of his tweet. This behavior is typical ahead of FOMC announcements, where uncertainty around interest rates can lead to short-term pullbacks. Traders should watch on-chain metrics, such as the Bitcoin exchange inflow volume, which has remained relatively low at under 20,000 BTC per day, indicating reduced selling pressure and potential accumulation by whales.

Key Support and Resistance Levels for BTC Traders

For those eyeing trading opportunities, Bitcoin's current support is firmly at $65,000, a level that has held multiple times in the past month, with resistance now shifting to $70,000. If the uptrend materializes as predicted, breaking above $70,000 could open doors to $75,000, supported by positive market sentiment indicators like the Fear and Greed Index, which stood at 72 (greed) on October 28, 2025. Multiple trading pairs, including BTC/USD and BTC/ETH, show correlated movements; for instance, BTC/ETH has stabilized around 25, suggesting Bitcoin's dominance in the altcoin market. Institutional flows, evidenced by over 10,000 BTC added to spot ETFs in the week prior, further bolster this bullish case. However, traders must remain cautious of FOMC outcomes, as a hawkish stance could trigger a drop below $64,000, invalidating the bottoming thesis.

Looking at broader market correlations, Bitcoin's performance often influences stock markets, particularly tech-heavy indices like the Nasdaq, which saw a 1.2% gain on October 27, 2025, mirroring crypto's resilience. From a crypto trading perspective, this could present cross-market opportunities, such as hedging with Bitcoin futures while monitoring S&P 500 volatility. On-chain data from sources like Glassnode reveals a surge in active addresses, up 15% week-over-week, pointing to growing network activity that supports an uptrend. If van de Poppe's assumption holds, we could see Bitcoin reclaiming all-time highs by year's end, driven by post-FOMC clarity and seasonal trends. In summary, this retest phase offers a strategic entry point for long positions, with stop-losses below $65,000 to manage risks effectively.

Trading Strategies and Market Sentiment Outlook

To capitalize on this potential uptrend, traders might consider scalping strategies on lower timeframes, targeting quick gains from the retest bounce, or swing trading for the weekly upmove. Market sentiment remains optimistic, with social media buzz around Bitcoin ETF approvals contributing to positive inflows. Remember, while the pre-FOMC jitters are normal, historical data shows Bitcoin often rallies post-meeting, with an average 5% gain in the following week based on past cycles. By integrating these insights, traders can navigate the volatility with informed decisions, focusing on concrete data like the 24-hour trading volume of over 30 billion USD and price timestamps from major platforms.