Analyst Predicts Bitcoin Could Drop to $77K Post-FOMC Despite Recent Rally
Bitcoin's recent gains may be short-lived as analysts warn of potential downside following the upcoming FOMC meeting.
Bitcoin's recent gains may be short-lived as analysts warn of potential downside following the upcoming FOMC meeting. Bitcoin (BTC) is trading at ₹77,04,006 ($80,925.00), up 0.1% since this brief published. This is an original Token Times brief based on reporting by CaptainAltcoin, with live market data added, as of Wed, 28 Oct 2026 19:00:02 UTC.
The prediction highlights the ongoing influence of macroeconomic policy on crypto markets and suggests potential volatility as investors await the FOMC outcome.
- Bitcoin is up 0.49% to $80,814 but faces resistance at its 50-day moving average.
- Analyst Ali Martinez warns of a potential drop to $77,000 post-FOMC.
- Market awaits FOMC decision amid mixed technical signals.
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- Analyst Predicts Bitcoin Could Drop to $77K Post-FOMC Despite Recent Rally — this brief
Bitcoin is currently experiencing a modest rally, gaining 0.49% over the past 24 hours to trade at $80,814, according to live market data. This upward movement comes as investors await the outcome of the Federal Reserve's Federal Open Market Committee (FOMC) meeting, which is expected to provide further insights into the central bank's monetary policy stance.
Despite the recent gains, crypto analyst Ali Martinez has issued a cautionary note, suggesting that Bitcoin could face significant downside after the FOMC meeting. Martinez predicts that Bitcoin could drop to $77,000, citing several on-chain signals that point to potential weakness. This prediction comes amid a broader market that remains relatively flat, with the total crypto market cap standing at $2.77 trillion.
Cointelegraph reports that Bitcoin has struggled to move past its 50-day simple moving average, a key technical indicator that often signals short-term trend direction. This resistance level could further support Martinez's prediction of a post-FOMC decline. Meanwhile, Finbold highlights the anticipation surrounding not only the FOMC decision but also the upcoming earnings reports from major tech companies, which could also impact market sentiment.
The analyst's warning comes at a time when Bitcoin has been testing key resistance levels, with the 50-day moving average acting as a significant barrier. The broader market remains in a state of cautious optimism, as indicated by the Fear & Greed Index, which currently stands at 51, reflecting a neutral sentiment.
As the market awaits the FOMC decision, investors will be closely watching for any signals that could impact risk appetite. The potential for increased volatility post-FOMC suggests that traders should exercise caution and consider the broader macroeconomic landscape when making investment decisions.
Since this brief published about 4 hours ago, Bitcoin (BTC) has moved from ₹76,93,439.06$80,814.00 to ₹77,04,006.18$80,925.00 — +0.14%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will the Fed increase interest rates by 25 bps after the December 2026 meeting?
Crowd-implied probability on Polymarket, ₹19.58M 24h volume, resolves Dec 9 — snapshotted when this brief published (Oct 28 18:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.90M (about $80,925.00), up 0.5% over 24 hours. The rupee itself trades about 2.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Analyst Predicts Bitcoin Could Drop to $77K Post-FOMC Despit — questions & answers
What is the current price of Bitcoin?
Bitcoin is trading at $80,814, up 0.49% over the past 24 hours.
Why is Bitcoin's price expected to drop?
Analyst Ali Martinez predicts a drop to $77,000 due to on-chain signals and potential FOMC-induced volatility.
What technical indicator is Bitcoin facing resistance at?
Bitcoin is facing resistance at its 50-day simple moving average.
How much is 1 Bitcoin worth in rupee today?
About ₹7.90M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,925.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.14% since this brief first published — trading at ₹77,04,006 ($80,925.00) now versus ₹76,93,439 ($80,814.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CaptainAltcoin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.