Bitcoin Stuck in Lateral Market: Will Fed Meeting Spark Breakout?

Crypto trader and analyst Cedric Cerezo believes that Bitcoin remains stuck in a lateral market, oscillating between $75,000-$76,000 and $80,000-$82,000. Despite some volatility, he's chosen to take advantage of the range rather than predict a breakout.

In his analysis, Cerezo notes that the price has been moving within these two zones for some time now, making it difficult to anticipate any significant moves upwards or downwards.

He recently took a short position when Bitcoin reached $80,000 and closed it in the $76,000 zone, resulting in a profit of over $4,000. This is exactly the kind of market where he prefers to take what's given rather than seeking large returns.