Traders expect Bitcoin to experience volatility ahead of the Federal Reserve's interest rate decision

ChainCatcher news, according to Cointelegraph, 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 positions are concentrated in the $96,500-$97,000 range. These price levels may become price magnet points, and significant volatility 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 cryptocurrency market often experiences pullbacks before Federal Reserve meetings, and it is expected to rebound after hitting a bottom on Tuesday.