Bitcoin Faces Key Support Test After Fed Meeting—Will Powell Trigger a Breakout?
The Federal Reserve held rates at 3.5% to 3.75% on January 28, 2026, with two dissents from governors who preferred a 25 basis point cut.
Bitcoin tests the 100-week moving average at $87,145 with a break below $86,000 targeting the $80,000-$82,000 zone.
ETF outflows reached $1.33B weekly as institutional demand weakened following the Fed decision.
Rate cut probability sits at 16% for March and 30% for April, removing near-term catalysts for Bitcoin upside.
The Bitcoin Fed meeting verdict is in. The Federal Reserve held rates steady at 3.5% to 3.75% on January 28, 2026, and Bitcoin (CRYPTO: BTC) now faces a critical support test. The Bitcoin price is consolidating near key support levels, with volatility compressing in a way that often precedes sharp moves in either direction.
Powell struck a neutral tone, describing the economy as on "firm footing" while noting inflation "remains somewhat elevated." The decision itself offered no immediate catalyst, but the policy stance shapes what comes next. With rate cuts unlikely before June and ETF outflows accelerating, Bitcoin's direction depends on whether support holds and institutional demand returns.