Bitcoin price reached $81,687 on October 28, 2026, extending an intraday rebound toward $82,000 as South Korean stocks rallied and traders awaited the Federal Reserve’s rate decision.

Key Takeaways

  • Bitcoin’s rebound brought it close to resistance near $82,000, while bid liquidity thickened around $79,000 and $80,000.
  • South Korea’s KOSPI gained 6.63% on Wednesday, taking its week-to-date rise to 9.3%.

Bitcoin price nears resistance

Bitcoin reached $81,687 against the US dollar on Bitstamp on Wednesday, according to TradingView data. The available figures show an intraday rebound but do not specify its size.

CoinGlass data showed bid liquidity thickening around $79,000 and $80,000. Those levels mark areas where buy orders were concentrated, though their presence does not guarantee that the price will hold there.

Crypto trader Rekt Capital said the weekly chart resembled Bitcoin’s 2022 bear-market structure. The analyst said it remained unclear whether Bitcoin would establish a new trading range above resistance near $82,000.

Stocks rise ahead of Fed decision

The KOSPI finished Wednesday above 6,000 for the first time since October 14, as technology stocks rebounded from earlier October losses. In the United States, the Nasdaq Composite had closed up 1.1% on Tuesday. The simultaneous gains do not establish what caused Bitcoin’s move.

The Federal Reserve’s October meeting calendar listed a two-day policy meeting for October 27–28. Ahead of the decision, CME Group’s FedWatch showed a 90.6% probability that the target range would remain at 3.75% to 4%; that was a market-implied expectation, not a meeting outcome.

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This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.