Glassnode reports increased confidence among short-term Bitcoin investors ahead of Fed meeting

Short-term Bitcoin investors are gaining confidence as they anticipate a favorable outcome from the upcoming Federal Reserve meeting. On-chain data highlights a bullish sentiment amongst these holders.

For sustained confidence, Bitcoin’s price must stabilize above 111,800 USD to 114,200 USD after the Fed’s decision. Failure to maintain this range could lead to a ‘sell the news’ scenario.