Price Prediction
$BTC Near $80,099 After FOMC
Bitcoin ($BTC) is near $80,099 after the Federal Open Market Committee (FOMC) meeting. The largest liquidation cluster is just below the spot price. Long liquidations are concentrated around $78,900 to $79,500, while short leverage is building around $80,500 to $82,200. The liquidity trap is highlighted, with the price sitting on top of a deep pocket of long leverage. A push lower could trigger forced selling and accelerate the drop. The article raises the question of whether Bitcoin will sell off the longs at $79,000 before moving elsewhere.