Bitcoin hovers near 77K before Fed decision as traders eye 80K breakout and squeeze risk

Published on 29 April 2026

One CPI print could flip sentiment fast

Bitcoin held steady around $77,000 on Wednesday, pausing ahead of the US Federal Reserve’s rate decision. Analysts say the next potential catalyst may be the April CPI report, which could quickly shift momentum. With price watchers focused on a possible move toward $80,000, traders warn it could ignite a major short squeeze if the breakout holds.

Bitcoin is consolidating around $77,000 ahead of the Fed decision
Traders are watching April CPI as the next major catalyst
A push beyond $80,000 could spark a short squeeze
Volatility may rise if CPI and Fed expectations diverge

#fed decision #cpi #crypto markets #short squeeze #bitcoin

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Bitcoin hovers near 77K before Fed decision as traders eye 80K breakout and squeeze risk

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