# Bitcoin Retreats After Nearing $85,000 Ahead of Fed Meeting By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/39673 Published: 2026-10-24T05:14:30.000Z Updated: 2026-10-24T05:14:30.000Z Section: Investing > The Federal Reserve meets Oct. 27-28, with the general expectation that officials will leave rates unchanged. Bitcoin retreated after moving close to $85,000, as traders looked toward the Federal Reserve's Oct. 27-28 meeting and expectations that officials would hold rates steady. Matt Mena, senior crypto research strategist at 21shares, had previously identified $85,000 as resistance in an [earlier Bitcoin outlook](). The general consensus ahead of the meeting was for rates to remain unchanged. The decision is expected during the Fed's Oct. 27-28 meeting. ## Links in this article - [earlier Bitcoin outlook](https://www.tokenpost.com/news/investing/32174)