Bitcoin● Neutral● Important

Bitcoin Bounce Stalls at 50-Day Average as Traders Await Fed and Tech Earnings

TradingGain Newsroom·14h ago·28 Oct 2026, 16:53 UTC

Bitcoin tried to rise but could not break above its 50-day simple moving average. Traders held back while they waited for the FOMC meeting outcome and key tech company earnings. Because both events can move broader markets, the failed bounce is worth watching closely.

BTCAt the time of writing, Bitcoin traded at $80,554 (-0.08% in 24h).Live price →

Why it matters

Bitcoin failed to get past its 50-day simple moving average, a level many traders track.
Market participants were waiting on the FOMC meeting outcome before taking bigger positions.
Key tech earnings were also pending, which can affect risk appetite across markets.

What to watch next

Watch whether Bitcoin can reclaim the 50-day simple moving average after the FOMC decision and tech earnings are released.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.