Bitcoin preps FOMC reaction as BTC price coils below new $76.5K record

BTC price targets already include $100,000, with Bitcoin traders bracing for more volatility around the Fed interest rate decision.

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Bitcoin (BTC) is consolidating at $75,000 on Nov. 7 as markets gear up for a new United States macro event.

BTC/USD 1-hour chart. Source: TradingView

BTC price action reached new record highs of $76,480 on Bitstamp before a modest pullback, data from Cointelegraph Markets Pro and TradingView confirms.

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