A Perfect Storm for Bitcoin? Fed, PCE, GDP and Big Tech Earnings Ahead

The week ahead is expected to be one of the most significant for all financial markets. Bitcoin, crypto, and the overall financial system enter one of the busiest macro weeks of the year with the Federal Reserve, fresh inflation and GDP data, and a wave of Big Tech earnings all arriving within days. With BTC already struggling to maintain above the key $80,000 support, the upcoming releases could determine whether the latest correction deepens or buyers finally regain control. Fed, Inflation, and GDP The analysts at the Kobeissi Letter noted that the major week begins with the September New Home Sales on Tuesday, before attention shifts firmly to Wednesday’s Federal Reserve meeting. The central bank will announce its rate decision on October 28, followed by the usual press conference. Nearly all economists surveyed by Reuters expected no changes, with the Fed leaving the federal funds target at 3.75%-4.00%. However, expectations for another hike in December have increased noticeably over the past few weeks, especially after the release of the CPI and PPI readings for September. Unless there’s a major surprise and a fresh hike on Wednesday, the decision itself may matter less for cr...