Bitcoin struggles to hold $47K as Fed meeting adds to ‘extreme’ BTC market panic

Bitcoin (BTC) sought cues from the United States Federal Reserve on Dec. 14 as markets waited anxiously for news on policy. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC higher lows remain safe

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing in a range around $47,000 as Wall St. opened on Dec. 15.

The pair had hit local highs of $48,785 on Bitstamp overnight but was down 3% at the time of writing ahead of a key Fed meeting.

The Federal Open…

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