Bitcoin Price Risks $80K Loss Ahead of FOMC, Tech Earnings: Key Things to Watch This Week

Bitcoin traders are bracing for a volatile week as the leading cryptocurrency struggles to hold the critical $80,000 support level. The market faces a convergence of major events, including the Federal Open Market Committee (FOMC) meeting, key US inflation data, and earnings reports from major technology companies. These catalysts could determine whether Bitcoin stabilizes or breaks lower. The weekend saw bulls defending the $80K mark, but sustained pressure from macroeconomic uncertainty and risk-off sentiment has left the market vulnerable. The FOMC's interest rate decision and forward guidance will be closely watched, as any hawkish signals could strengthen the dollar and weigh on Bitcoin. Meanwhile, tech earnings from giants like Apple, Microsoft, and Amazon may influence overall risk appetite, given Bitcoin's correlation with high-growth equities. Inflation data, particularly the Consumer Price Index (CPI), will also play a crucial role in shaping expectations for future Fed policy. A hotter-than-expected print could exacerbate downside pressure, while a cooler reading might offer relief. With $80K as the line in the sand, a decisive close below this level could trigger further liquidations and accelerate losses. Conversely, a strong defense could set the stage for a rebound. As the week unfolds, market participants will be watching these events closely for direction.