Bitcoin Trapped Between $76K-$82K Amid Fed Decision Jitters

Bitcoin's price has been stuck in a narrow range between $76,000 and $82,000 as traders await key events this week. The Federal Reserve's interest rate decision is set to impact the market, with large leveraged positions near these levels creating significant liquidation risks.

$1.95 billion in short positions above $82,000 and many long positions clustered near $76,000 are contributing to the volatility.

However, reduced selling by long-term holders may lessen resistance above $82,000, potentially accelerating a breakout if buyers push higher.