Bitcoin: Pre-FOMC Chop Eyes $80K Support

Bitcoin posted classic pre-FOMC price action as a brief upward move reversed into sell-off, leaving the bullish structure intact yet without confirmation and markets firmly in risk-off mode.

Michaël van de Poppe watches the $80,000 level for support tonight; a break opens the marked lower zone for deeper corrections while a reclaim above $81,000 would flip the bias bullish into the next quarter.

Price sits at $80,983.76 inside the Bollinger Bands with the upper band at $81,431.28 acting as immediate resistance and the lower band at $79,463.08 marking short-term volatility exhaustion. The EMA50 at $81,075.21 and EMA200 at $81,717.63 continue to cap upside as concrete resistance layers while the neutral RSI at 52.81 and MACD golden cross at -16.82 show building momentum beneath the surface. With price pressing against the upper band resistance and the 50-EMA overhead, a healthy retracement toward the $80,000 zone appears probable before any sustained continuation.