#FOMCMeeting

Bitcoin's $BTC price analysis shows an upward momentum ahead of the FOMC#FOMCMeeting meeting, with a potential impact from gold correction. Here's a breakdown:

Current Price: Bitcoin$BTC is trading at approximately $95,111, with a 0.59% increase in the last 24 hours.

Market Sentiment: The market sentiment is bullish, with traders watching for volatility and breakout opportunities following the FOMC announcement. A potential gold correction could signal the start of a new business cycle, redirecting capital flows from safe-haven assets to riskier investments like Bitcoin

Key Levels:

- Resistance: $95,000-$95,500 is a critical resistance zone. Breaking above this level could lead to a surge toward $100,000 and beyond.

- Support: $90,000-$92,000 is a key support zone, with additional support levels at $89,000, $82,000, $78,000, and $74,000.

Technical Indicators:

- Relative Strength Index (RSI): 62, indicating room for further upside before overbought conditions.

- Moving Averages: Bitcoin $BTC is trading above its major moving averages, indicating positive momentum.

Institutional Interest: Growing institutional interest in Bitcoin is evident, with:

- Bitcoin ETFs: Recording significant inflows, providing a new conduit for institutional and retail money to enter the crypto market.

- Whale Accumulation: Large investors are accumulating coins aggressively during the recent dip and recovery