Bitcoin Holds Above $41K as Market Eyes Fed Meeting, Inflation Data for Clues on Price Outlook
• Bitcoin price recovers above $41K ahead of important US Federal Reserve meeting and interest rate decision
• Latest US inflation data shows declining trends, boosting market hopes of less aggressive Fed policy tightening
• Bitcoin lacks clear price trend in lower timeframes; key resistance at $48K remains in place
• Analysts predict more BTC price choppiness and consolidation around current levels near-term
• Growing leverage and liquidation risks highlight potential for increased volatility around key support/resistance of $40.5K and $41.4K