Bitcoin Price Slips Into Volatility as FOMC Meeting Looms Large

The Bitcoin price has been range-bound for three consecutive days, with a narrow trading band between $73,500 and $74,500.

This volatility is expected to increase significantly after the FOMC meeting on March 19, where Jerome Powell will address rising oil prices and inflation. Historically, Bitcoin has dropped after most FOMC meetings, suggesting that traders should be cautious of a potential sell-off.

The crypto fear index is currently at an all-time low of 26, indicating extreme fear among investors. However, despite this fear, the Bitcoin price has refused to fall, which could indicate that smart money is accumulating underneath.