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Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings

Cointelegraph·October 28, 2026·1 min read
Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings

Bitcoin failed to move past its 50-day simple moving average as market participants awaited the outcome of the FOMC meeting and key tech earnings. The rejection at the trend line suggests resistance, with traders watching for a breakout or further decline depending on macroeconomic signals.

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