Bitcoin price may stay below $82K until Fed decision: analysts

Bitcoin has fallen 0.8% to about $79,176 over the past 24 hours as analysts forecast continued trading between $78,000 and $82,000 before the Federal Reserve’s September policy decision. Summary Bitcoin traded between $78,707 and $80,494 over the past 24 hours, according to CoinGecko. CoinEx expects the price to remain between $78,000 and $82,000 until the Fed meeting. US spot Bitcoin ETFs attracted $986.9 million last week, lifting three-week inflows to about $3.8 billion. CPI, Treasury yields, and spot demand could determine whether Bitcoin breaks its current range. Bitcoin price remains capped near $82,000 Bitfinex analysts told crypto.news that Bitcoin’s current structure supports “continued consolidation with an upside bias” rather than a confirmed breakout, as ETF demand counters pressure from elevated Treasury yields and expectations of another US interest rate increase. Bitcoin (BTC) was trading near $79,176 at the time of writing, down 0.8% over 24 hours, according to CoinGecko data. The asset moved between a low of $78,707 and a high of $80,494 during the period, while trading volume increased nearly 30% to about $24.4 billion. The intraday retreat followed another failed...