Bitcoin price settles at $26.5K as key Fed inflation week dawns

• Bitcoin (BTC) reached $26,500 at the weekly close after stabilizing over the weekend.
• The cryptocurrency had previously hit its highest levels of the month at $26,880.
• Bid liquidity on the Binance BTC/USD order book was supporting the market.
• Traders were looking for a potential dip to $26,100 and a bounce for a long trigger.
• Spot entities were selling into bounces, according to trader Skew.
• The upcoming Federal Open Market Committee (FOMC) meeting on September 20 was anticipated by crypto market participants.
• The market expected benchmark interest rates to remain unchanged, with a low chance of a surprise scenario.
• Bitcoin's reactions to macro data prints have cooled recently, and some believed that the status quo would continue.

The sentiment of the article is neutral, with a focus on market stability and anticipation of the FOMC meeting.