from24/7 Wall St.
1 day agoBitcoin Faces Key Support Test After Fed Meeting-Will Powell Trigger a Breakout?
The Federal Reserve held rates steady at 3.5% to 3.75% on January 28, 2026, and Bitcoin ( ) now faces a critical support test. The Bitcoin price is consolidating near key support levels, with volatility compressing in a way that often precedes sharp moves in either direction. Powell struck a neutral tone, describing the economy as on "firm footing" while noting inflation "remains somewhat elevated."
Cryptocurrency
