Bitcoin may test $82K and $76K after Fed decision: Bitfinex analysts

Bitcoin has remained trapped between large liquidation zones near $76,000 and $82,000 as falling spot-market selling meets rising leverage before the Federal Reserve’s interest-rate decision. Summary Bitfinex analysts said Bitcoin could test liquidation zones near both $76,000 and $82,000 around the Fed decision. Short positioning above $82,000 has risen 43%, leaving up to $1.95 billion exposed to liquidation. Selling by long-term holders has fallen sharply since August, reducing potential resistance above the current range. A break below $76,000 could trigger a cascade of long liquidations spread across several price levels. The analysts said high real Treasury yields and energy-driven inflation could limit any Bitcoin rally after the decision. Bitfinex analysts said in their latest Bitcoin market report that leverage has accumulated on both sides of the month-long range, leaving Bitcoin vulnerable to sharp moves after the Federal Reserve announces its policy decision. Bitcoin (BTC) traded near $79,100 at the time of writing, placing the asset between the main liquidation areas identified by the analysts. Buyers have repeatedly failed to secure a breakout above the low-$82,000 reg...