In this video: We analyse Bitcoin on 27 October 2026 using Elliott Wave. Bitcoin is moving in a descending channel, and the blue scenario, our primary count, sees the correction already underway: an A wave down, a B wave up into the 21 October high, and now a C wave down toward $74,800, inside the support zone between $63,326 and $74,800. Video by More Crypto Online.
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Bitcoin is trading around $81,200, showing subtle upward momentum as it holds critical support levels following yesterday’s market-moving macroeconomic decisions.
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Bitcoin Insights Today
The Federal Reserve voted 10-2 yesterday to hold benchmark interest rates at 3.75%–4%.
• The Nuance: The pause brings short-term relief, but the two dissenting votes pushed for a hike, leaving a December rate increase firmly on the table.
• The Yield Drag: High 10-year Treasury yields (hovering near 5%) continue to pressure Bitcoin, which pays no native yield, competing heavily for risk-on capital.
• ETF Cushion: Wall Street is absorbing the shockwaves. Institutional demand remains strong, with spot Bitcoin ETFs drawing $286 million in combined net inflows over the two sessions leading up to the Fed's announcement.
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