* Bitcoin market continues to display bouts of indecision: FOMC not helping

* Volatile price action since peaking at $44,456 on January 13

* A series of daily Doji candlesticks with long upper-lower shadows noted

* Geopolitical risk and heightened sensitivity towards interest rates cited

* Coin's crown, perceived hedge against inflation, is beginning to slip

* Spike low of $32,950 Mon and rebound high of $38,946 Wed ahead of FOMC

* 10DMA above at $37,994 and smoother tracking 21DMA at $40,469

(Peter Stoneham is a Reuters market analyst. The views expressed are his own) ((peter.stoneham@thomsonreuters.com))