BTC hovers around $80,800 and XAU/USD stays above $4,000 as traders price a 91% chance the Fed will keep rates steady.

Bitcoin slipped slightly on Wednesday, trading at $80,812, just above its 50‑day exponential moving average (EMA) of $80,805 but still capped by the 20‑day Bollinger Band middle at $81,908. Gold, meanwhile, remained above the $4,000 mark, quoted at $4,050, with price confined beneath a dense resistance zone formed by the 50‑day EMA at $4,201 and the Bollinger middle line near $4,120.

Technical outlook for Bitcoin

• Short‑term support sits at $80,805 (50‑day EMA); a break below could expose the lower Bollinger band around $79,744
• Resistance at $81,907 (Bollinger middle); a close above may open a path toward $84,072
• RSI around 45 and MACD still negative, keeping the tone neutral‑to‑bearish

Gold’s price dynamics

• Current support near $4,005 (lower Bollinger band)
• Key resistance at $4,108 (Parabolic SAR) and $4,120 (Bollinger middle)
• A daily close above $4,203 (50‑day EMA) would be needed for a bullish reversal

What traders are watching

• Fed’s policy announcement later today; markets price a 91% probability of a hold in the 3.75‑4.00% range
• Post‑meeting comments from Fed Chair Kevin Warsh for clues on future hikes
• Potential December rate‑increase odds and the impact on risk assets

Related news

• Fed holds rates steady, bitcoin barely moves as December hike looms
• Gold slips toward $4,000 as oil above $100 clouds Fed outlook
• Obr downgrades uk growth forecast for 2027 despite healey budget
• Swiss franc under pressure as traders await Fed decision

More from ITF

• ITF trading signals for gold and forex
• Copy verified traders with ITF Copy Trading
• This week’s economic calendar

This article is compiled from international market news for information only. It is not investment advice.