# Bitcoin Trades Between $80,000 and $84,000 Before Oct. 28 Fed Decision By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/36707 Published: 2026-10-21T13:34:03.000Z Updated: 2026-10-21T13:34:03.000Z Section: Investing > Bitcoin exchange-traded funds posted net outflows for two straight weeks as exchange holdings declined. Downside confirmation would require a move below $79,800 and two additional flow signals. Bitcoin (BTC) traded between $80,000 and $84,000 for nearly two weeks ahead of the Federal Reserve’s Oct. 28 rate decision, as opposing flows kept the market in a narrow range. Bitcoin exchange-traded funds recorded net outflows in each of the past two weeks. Over the same period, Bitcoin holdings on exchanges continued to decline, while long-term holders sold modestly. Funding rates remained elevated, and options pricing favored puts. Together, those measures suggested long positions had not fully unwound and demand for downside protection was increasing. Bitcoin has found support around $80,000 several times over the past month, an area covered in earlier [Bitcoin market coverage](). Downside confirmation requires all three conditions: Bitcoin falling below $79,800, weekly ETF net outflows exceeding $500 million, and exchange flows turning net positive. For upside confirmation, the conditions are a daily close above $84,200, more than $500 million in cumulative ETF net inflows over three days, and funding rates at or below 15%. The Federal Reserve’s decision on Oct. 28 ET (Oct. 28 UTC) is a key upcoming catalyst. Rate markets priced a 16% chance of an October increase, compared with economists’ near-even odds, and close to 89% odds of a December increase. ## Links in this article - [Bitcoin market coverage](https://www.tokenpost.com/news/investing/30386)