Bitcoin: Weakness Persists Ahead of FOMC Meeting

Bitcoin failed to breach $81,000 and extended its decline, according to Michaël van de Poppe. The trader flagged the move as typical pre-FOMC weakness that often bottoms late Tuesday.

Price action now sits at $79,580.68 inside the Bollinger Bands on the 4h chart. The upper band at $81,144.25 has acted as resistance while the lower band at $79,457.67 offers immediate support. With the EMA50 at $81,121.45 and EMA200 at $81,756.76 both overhead, the structure remains bearish and the MACD death cross at -464.22 reinforces downside pressure. RSI at 35.77 shows neutral momentum, leaving room for a quick sweep toward $78,500 before any relief bounce.