The year-long calls for a $100,000 Bitcoin (BTC) price have fallen to the wayside since the asset struck a new all-time loftier at $69,000, but traders are not completely dismayed. At the moment, most analysts view the electric current price range every bit an optimal aggregating zone.

For the past calendar week, markets had been a fleck rocky as investors across the earth grew increasingly nervous virtually Dec. 15's Federal Open Marketplace Commission meeting, but confirmation that the Federal Reserve would enact 3 rate hikes and gradual tapering in 2022 appears to take been priced into terminal week'southward market volatility.

Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC continues to trade above the $47,000 support and later Chairman Powell's argument, the toll rose near 0.55% to trade at $49,000.

BTC/USDT four-hour chart. Source: TradingView

Here'southward a await at what market analysts expect from BTC price now that the Fed'southward policy intentions for 2022 were antiseptic.

There is a solid base of support near $46,500

A more than detailed analysis of the contempo cost activeness was offered past options trader and pseudonymous Twitter user John Wick, who posted the following chart highlighting the bullish and bearish reversals that have occurred over the past two weeks.

BTC/USD four-hr. Source: Twitter

According to Wick, the recent price action from BTC has established "a solid base support," which is represented by the yellow horizontal line at $46,588, which is structurally "chosen a stage 1 base."

Wick said,

"We tin can look volatility to build up likewise. The adjacent setup I am targeting is an upcoming clasp. This may turn out just like July did after we based in a phase one support. Next phase is burn."

Volatility is par for the course

Compared to historical price activeness subsequently all-time highs, the current volatility seen in the market is nothing to fret almost, co-ordinate to contained marketplace analyst Rekt Capital who tweeted that the marketplace showed like drawdowns in previous bull markets only to tempest higher after the fear dissipated.

Trader and pseudonymous Twitter user Crypto Ed_NL besides sees a bounciness coming in the hereafter and he posted the following chart outlining how the price activity could play out in the next few weeks.

BTC/USD 1-60 minutes chart. Source: Twitter

Crypto Ed_NL said,

"Expectations for the coming hours: one more leg downward pre FOMC into the green boxes, a bounce afterward FOMC, continuation of the bull run."

Related: Bitcoin struggles to concord $47K as Fed meeting adds to 'extreme' BTC market panic

Echoes of September'southward BTC toll activeness

A final bit of perspective was offered by crypto investor and pseudonymous Twitter user Crypto Bull God, who posted the following nautical chart comparison the current cost action for BTC with how it performed in September before going on a bullish breakout.

BTC/USD 12-60 minutes chart. Source: Twitter

The analyst said,

"Been staring at this the by few days. Not saying this volition happen, merely I certainly see a similarity now as compared to dorsum in Sept. of this year."

While no one can know for certain how things will play out as 2022 comes to a close, a possible sign that BTC could close out the year strong was pointed out in the following tweet by Cointelegraph correspondent Michaël van de Poppe.

The overall cryptocurrency market cap at present stands at $two.152 trillion and Bitcoin'due south dominance rate is 41.vi%.

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