Bitcoin Range-Bound Below $80,000 as Fed Policy Remains Uncertain

CoinShares analysts believe Bitcoin will remain range-bound until the Federal Reserve provides clearer signals on monetary policy.

The recent price recovery is largely driven by changes in the broader U.S. economic environment, rather than developments within the cryptocurrency market.

A key resistance level for Bitcoin is $80,000, and a more decisive breakout would likely require the Federal Reserve to indicate that it is no longer leaning toward further monetary tightening.