Bitcoin analysts warn Fed, BoJ decisions could pressure crypto

Bitcoin has held near $77,000 as investors have reduced risk before the Federal Reserve’s Sept. 16 policy decision, with analysts watching $76,000 support and $83,000 resistance. Summary Bitcoin remains range-bound as markets price in an 86%–87% chance of a 25-basis-point Fed hike. Analysts identify $76,000 and $83,000 as the levels needed to confirm Bitcoin’s next direction. U.S. spot Bitcoin ETFs recorded about $463 million in net outflows last week. A possible Bank of Japan hike could tighten yen funding and pressure leveraged crypto positions. Nansen senior research analyst Nicolai Søndergaard told crypto.news that Bitcoin traders have adopted a cautious position before Wednesday’s Federal Reserve decision, even though the expected 25-basis-point rate increase is likely priced into the market. Weekend trading remained choppy, while capital stayed concentrated in Bitcoin and other liquid cryptocurrencies rather than smaller tokens or leveraged positions. Søndergaard interpreted the setup as investors waiting for central-bank guidance instead of withdrawing from the crypto market completely. “Investors are not rushing for the exits, but they are not chasing risk either; they are ...