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 Bitcoin traders get none of the volatility they hoped for, and BTC price slowly drifts back to intraday lows. 
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 Bitcoin (BTC) slipped from $27,000 on Sep. 21 as the dust settled on the latest United States macroeconomic events. 
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 <img src="https://cdn.thebittimes.com/images/2023/09/21/d319c9da65c168bf145662ec1049b7f8.webp"> 
 <figcaption style="text-align: center;"> BTC/USD 1-hour chart. Source: TradingView 
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 <h2 id="bitcoin-rangebound-until-proven-otherwise">Bitcoin: "Rangebound until proven otherwise"</h2> 
 Data from Cointelegraph Markets Pro and TradingView showed BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> strength waning prior to the Wall Street open, down by around 1.5% on the day. 
 Bitcoin had delivered a cool reaction to the Federal Reserve’s interest rate pause, and Chair Jerome Powell’s speech and press conference likewise failed to spark major <a rel="noopener noreferrer nofollow" title="volatility" href="https://thebittimes.com/tag/volatility.html">volatility</a>. 
 Contrary to the expectations of many, BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action acted as if no catalysts were present at all. Later, news that payouts to creditors of defunct exchange Mt. Gox had been delayed by a year also went unnoticed by markets. 
 “The Fed's announcement of a rate pause caught exactly no-one by surprise,” popular trader Jelle summarized to X subscribers. 
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 “Price is still in the same spot, but at least now we don't have FOMC hanging over our heads. Rangebound until proven otherwise.” 
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 <img src="https://cdn.thebittimes.com/images/2023/09/21/bcdc0f25db06990a4b0a29da81676400.webp"> 
 <figcaption style="text-align: center;"> BTC/USD annotated chart. Source: Jelle/X 
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 Jelle’s underlying longer-term roadmap remained bullish, suggesting an exit higher from the current structure, in play for more than a year, was still possible. 
 <blockquote class="twitter-tweet"> 
 #Bitcoin is forming a massive cup &amp; handle pattern below $30k. Some argue it's not a valid pattern, while others anticipate a big breakout. I expect higher <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s. What do you think? pic.twitter.com/LIkKZTXBUB— Jelle (@CryptoJelleNL) September 21, 2023 
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 Continuing, fellow trader Crypto Tony reiterated the importance of maintaining $26,800 into the weekly close. 
 “So my plan was to long while we remained above $26,800 and thus far that is what we are doing,” he commented on the day. 
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 “Certainly came down a bit so up to the bulls now to end this week on a bullish high.” 
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 <img src="https://cdn.thebittimes.com/images/2023/09/21/8702878bdeb3116379af735c54341a20.webp"> 
 <figcaption style="text-align: center;"> BTC/USD annotated chart. Source: Crypto Tony/X 
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 <h2 id="btc-monthly-close-focus-sharpens">BTC monthly close focus sharpens</h2> 
 Covering the impetus for the post-Fed drop, trader Crypto Ed suggested that the prior tap of month-to-date highs could be cause for suspicion. 
 Related:&nbsp;Bitcoin all-time high in 2025? BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> idea reveals ‘bull run launch’ 
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 #BTC In my recent updates, I shared my feeling that "something" was off with that recent rise to $27,5k Spot (white) offloading here is maybe a warning........ pic.twitter.com/oabzVKuOvx— Ed_NL (@Crypto_Ed_NL) September 21, 2023 
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 On longer timeframes, trader and analyst was also conservative, preserving his existing theory of BTC price downside to come. 
 <blockquote class="twitter-tweet"> 
 #BTC Bitcoin Bearish Fractal Update$BTC #Crypto #Bitcoin https://t.co/4H3OMiDzFB pic.twitter.com/Gn3iH75DFw— Rekt Capital (@rektcapital) September 21, 2023 
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 On the monthly chart, he added, support at $27,150 had flipped to resistance. 
 “The BTC Monthly level of ~27150 was lost as support last month,” part of his commentary from the past 24 hours read. 
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 “Now $BTC is rejecting from the same level ~$27150 is acting as resistance for the time being.” 
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 <img src="https://cdn.thebittimes.com/images/2023/09/21/ee180f894ac044ea3b70b33f00c97bfe.webp"> 
 <figcaption style="text-align: center;"> BTC/USD annotated chart. Source: Rekt Capital/X 
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 This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/what-volatility-bitcoin-price-dismisses-fomc-mt-gox-with-26-7k-dip-tbt63504.html">https://thebittimes.com/what-volatility-bitcoin-price-dismisses-fomc-mt-gox-with-26-7k-dip-tbt63504.html</a>

What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip

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