Bitcoin: Bullish Breakout Holds Above $80,500 Pre-FOMC

Bitcoin is executing the required price action for a bullish breakout ahead of the FOMC meeting, according to @CryptoMichNL. The analyst notes that these events typically produce a Tuesday low followed by an upward grind, and states that the bullish flip has already occurred.

Price at $81,676 sits above the EMA50 at $81,114 while testing the upper Bollinger Band resistance at $81,488. With the RSI(14) at 61.94 remaining neutral and the MACD holding its golden cross, the structure favors continuation as long as the $80,500-80,800 zone remains intact; a brief retracement toward the EMA50 would still align with the broader bullish setup before any extension toward the $82,200-82,500 region.