Bitcoin Holds Steady Despite Institutional Outflows Ahead of Fed Decision

Bitcoin's price is holding steady at $77,623 after a modest daily gain. The asset remains near its daily high, reflecting continued momentum on the upside.

Institutional outflows from Bitcoin ETFs have continued, reducing liquidity and increasing potential market volatility ahead of the Federal Reserve decision on September 16.

The Ichimoku Kijun sits at $77,129, establishing a near-term support threshold. Momentum indicators are mixed, with MACD signaling a Buy but ADX being Neutral. RSI is at 60.56 (Buy), while other momentum indicators suggest strong buyer activity but also a risk of short-term exhaustion.

Over the next 2-3 days, BTC/USD is expected to trade within a typical volatility band of $76,463 to $78,480. There is a 67% probability of continued gains within this range and a 33% chance of a downside move.