Bitcoin Stuck in Trading Range as Investors Await Fed Decision

Bitcoin's price has been stuck in a narrow trading range for over 24 sessions, as investors await the U.S. Federal Reserve's interest-rate decision on Wednesday.

The 5.5% trading range has kept the market relatively quiet, with selling slowed but buying not strong enough to push prices higher.

According to Bitfinex Alpha, traders have built positions at both ends of the market, and the next move will depend on whether new demand returns after the Fed decision.