Bitcoin Price Stuck Near $82K as Analysts Await Fed Decision

Bitcoin's price has been capped near $82,000 as analysts forecast continued trading between $78,000 and $82,000 before the Federal Reserve's September policy decision.

According to Bitfinex analysts, Bitcoin's current structure supports 'continued consolidation with an upside bias' rather than a confirmed breakout. The asset remains within its identified range of $77,200, $82,100.

Jeff Ko, chief analyst at CoinEx, expects even tighter trading before the Fed announces its next interest-rate decision and believes Bitcoin will remain capped around $82,000 with support at $78,000, $79,000. A move below the lower end of his range would bring the $77,200 level into focus.

The US-listed spot Bitcoin ETFs have absorbed $986.9 million in net inflows during the week ending Sep. 4, taking the three-week total to approximately $3.8 billion. However, Ko said that three weeks of positive flows were not enough to confirm a sustained accumulation period.

The interest-rate expectations remain the main external test for Bitcoin ahead of the Sep. 15-16 Federal Open Market Committee meeting. Markets are considering a 25-basis-point increase from the current federal funds target range of 3.50%, 3.75%, Ko said.