Bitcoin (BTC) heads into FOMC week in a cautious mood, with multimonth lows still uncomfortably close.
BTC price action preserves $80,000 support as upside liquidity looks ripe for the taking.
The Fed is the center of attention with a decision due on interest rates and traders eagerly scanning Chair Jerome Powell for dovish signals.
A return to accumulation among Bitcoin top buyers forms grounds for confidence over market stability going forward.
Historical BTC price cycle analysis delivers an impressive $126,000 target for the start of June.
Those looking to “be greedy when others are fearful” should concentrate on $69,000, research concludes.
Bitcoin trader sees $87,000 liquidity grab
A comparatively quiet weekend saw BTC/USD avoid a lasting sell-off into the weekly close, instead only dipping to $82,000 before rebounding.
Data from Cointelegraph Markets Pro and TradingView shows a broad