Here’s why Bitcoin is stuck below $80,000 and what Powell’s FOMC meeting did for BTC price

Bitcoin entered yesterday’s Fed decision already capped below a dense on-chain supply zone, and Fed Chair Jerome Powell’s press conference gave buyers little reason to push through it. The Federal Reserve kept the target range at 3.5%-3.75% and explicitly linked elevated inflation to higher global energy prices, citing the tensions in the Middle East as a source of uncertainty for the economic outlook. Powell added t…