Update
Bitcoin Update: Bearish Signals Ahead of FOMC
Bitcoin is trading at $81,300 after recovering from a low of $79,843. The price has stalled below a 12-hour bearish order block, with buyers stepping in at $79,843 to push the price back above the 12-hour high at $81,300. ETF inflows have helped the recovery, with US spot Bitcoin ETFs taking in $175.99 million on October 27. The price has already fallen back to $81,300, under direct test of the breakout level. If hourly candles start closing below $81,300, the recovery could look like a failed breakout, with potential support at $80,850 to $80,900 and $80,600. The 12-hour low at $79,843 is the level buyers defended during the latest dip.