Bitcoin is trading near the upper edge of its $108,000-$116,000 range ahead of the Federal Reserve meeting. The price is currently at $115,046.29, down by 0.2% in the past 24 hours. On-chain data shows short-term holders realizing profits, creating selling pressure. Market positioning is driven by potential rate cuts and monetary policy signals. Bitcoin’s direction depends on the Fed’s tone and could see extreme volatility. Altcoins may face pressure if hawkish tones emerge. Bitcoin must overcome resistance to reach $120,000-$125,000 levels. Institutional positioning ahead of the decision is reflected in Bitcoin ETF inflows of $2.3 billion last week.

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