Bitcoin Price Eyes $93K as 14,942 BTC Leave Exchanges Ahead of Fed Decision

Bitcoin price

Bitcoin holders have been moving coins off exchanges before the Federal Reserve’s next decision, even as October’s expected rally has failed to materialize. The withdrawals offer one sign of reduced selling availability, but Bitcoin’s price still faces a test around $80,000. With interest-rate guidance and new economic data approaching, traders are looking at a possible recovery amid another set of volatility. One bullish forecast points considerably higher. But getting there would require a clear change in momentum.

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Bitcoin Exchange Outflows Hit Five-Week High

Bitcoin exchange outflows
Source: X

Santiment reported 14,942 BTC in net exchange outflows on October 26, the largest daily withdrawal total in five weeks across its tracked wallets. The movement came before the Fed’s October 27–28 FOMC meeting.

Coins leaving exchanges can mean less supply immediately available for trading. But transfers alone cannot establish whether holders are accumulating, changing custodians, or reorganizing wallets.

The Fed’s calendar places the decision on October 28. GDP and September personal income and outlays, including PCE inflation data, follow on October 29, according to the Bureau of Economic Analysis.

This leaves Bitcoin facing several potential catalysts within two days. Bitcoin ETF inflows are another demand measure to watch alongside exchange withdrawals.

Bitcoin Price Prediction Hinges on $80K Support

Santiment identifies $80,000 as the first support area, with a recovery toward $82,500–$84,000 possible if that level holds and exchange balances keep falling. A decisive break below roughly $79,000 would weaken its bullish interpretation.

Crypto Rover offers a more ambitious Bitcoin price prediction of $93,000, comparing the setup with the rally following the previous FOMC meeting. His forecast assumes a similar move develops, a single historical comparison.

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Longer-term Bitcoin supply data adds context. It should be noted that 37.4% of circulating supply at four or more years without moving. Some of those coins may be lost or inaccessible, rather than deliberately held.

FOMC meeting
Source: X

Meanwhile, CryptoQuant’s chart showed Bitcoin down 4.2% from October through October 25. The month remains unfinished.

What a Bitcoin Price Rally to $93K Could Mean for $5,000

Using MarketCapOf’s profit calculator, a hypothetical $5,000 Bitcoin purchase at $81,413 would grow to $5,711.62 if the price reached Crypto Rover’s $93,000 forecast. This represents a $711.62 profit, or 14.23%, with investment and exit fees set to zero.

Bitcoin price prediction
Source: MarketCapOf

The calculation shows the potential return from that scenario. Reaching $93,000 would require Bitcoin to move beyond the nearer $82,500–$84,000 recovery zone identified by Santiment. First, traders face the Fed decision and the economic releases that follow.

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Sahana Kiran

Written by Sahana Kiran

Sahana Kiran has been covering financial markets since 2019, with a focus on cryptocurrencies, fintech, and the geopolitical events shaping them. She previously reported for AmbCrypto and Watcher Guru, and now writes for MarketCapOf.

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