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Traders expect Bitcoin to experience fluctuations ahead of the Federal Reserve interest rate decision.
Golden Finance reports that several well-known traders have expressed their views on the recent trend of Bitcoin. Trader TheKingfisher pointed out that there is a dense Long Position in the $95,700-$96,000 range, while a large number of short orders are concentrated in the $96,500-$97,000 range. These price levels may become price magnets, and significant Fluctuation is expected. Analyst Michaël van de Poppe believes that as long as Bitcoin remains above $91,500-$92,000, it is still likely to reach new highs. He also reminds that the Crypto Assets market often experiences a pullback before Federal Reserve meetings, and it is expected to find a bottom on Tuesday before rising again.