BTC Wavers at Key Resistance Ahead of Fed Decision

Bitcoin's recovery toward $80,000 has stalled as it approaches a critical price level that could trigger selling by its strongest holders. After a nine-day ETF inflow streak and renewed institutional buying, BTC pulled back to around $76,500 on Tuesday before recovering to roughly $77,800 as the Federal Reserve commenced its policy meeting. The current price zone is significant because it represents a threshold where long-term holders, who have been accumulating through the downturn, may finally look to take profits. This creates a potential supply wall that could cap further upside in the near term. With the Fed decision looming, volatility is expected to increase, and a break above or below this level will likely set the tone for the next move. Traders should watch for any hawkish surprises that could pressure risk assets, while a dovish outcome might provide the catalyst needed to push Bitcoin through resistance.

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