Bitcoin Steadies After Fed Meeting as Google's Earnings Crash Rattles Stocks

Oct 29, 2026

Bitcoin is stabilizing and leaning slightly bullish in the short term, while a brutal selloff in Google's stock rattled the broader market.

  • The Fed kept interest rates unchanged, as expected, so markets barely moved on the decision itself — but the Fed chair's comments hinting at more rate hikes ahead added some jitters.
  • Google stock crashed over 12% after a weak earnings report, wiping out roughly $500 billion in company value in hours and dragging down the Nasdaq, which spilled over into crypto prices.
  • Bitcoin is holding key support and still has an active short-term bullish setup, though a longer-term bearish signal means big upside moves aren't expected yet — just a mild relief bounce.
  • Ethereum, XRP, Solana, and Chainlink are all holding their own support levels and are expected to move in a similar sideways-to-slightly-higher pattern as Bitcoin.
  • Bitcoin's share of the overall crypto market is stuck at a resistance level; if it breaks higher, that would be bad news for altcoins, but for now that's not happening.

Outlook: Expect a mild relief bounce for Bitcoin and most altcoins over the next few days, but no major breakout unless a new shock (like another Google-style selloff) hits the market.

## Bitcoin Levels

  • **Bias:** Mildly bullish short-term (relief bounce), neutral-to-cautious overall
  • **Support:** $80,000–$82,000
  • **Resistance:** $86,000–$88,000
  • **Targets:** Relief move back toward the $86,000–$88,000 range
  • **Invalidation:** Downside liquidity sitting near $79,000–$79,100; a break below support risks a move toward that zone

← Latest · Archive