Traders anticipate Bitcoin volatility ahead of the Federal Reserve's decision on the rate

Several prominent traders have shared their thoughts on the latest trend of Bitcoin. Trader TheKingfisher noted that there is a dense concentration of long positions in the $95,700-$96,000 range, while a large number of short positions are concentrated in the $96,500-$97,000 range. These price levels may act as magnetic points, and significant volatility is expected. Analyst Michaël van de Poppe believes that as long as Bitcoin remains above $91,500-$92,000, it still has the potential to reach new highs. He also warned that the cryptocurrency market tends to pull back before the Federal Reserve meeting, and it is expected to hit a bottom on Tuesday before rising again.$BTC $ETH