NEXO · 2026-10-27 15:01 UTC

Navigating Bitcoin's recovery

Bitcoin's momentum is fading with support holding at $79,000-$80,000 on the weekly chart, while daily charts show bearish momentum with price near lower Bollinger Band. Federal Reserve, ECB, and Bank of Japan announce decisions Wednesday-Friday; markets are pricing a December rate hike at ~80% for the Fed and higher probability for the BoJ, creating uncertainty for Bitcoin's recovery. Leverage is building with futures open interest up 6% in October despite Bitcoin slipping from $85,000 to $80,000; options show mixed signals with call-heavy positioning but elevated put premiums indicating…

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