$BTC Bitcoin (BTC) is indeed on the rise! Currently, the price of Bitcoin is around $96,947, with an increase of about 3.21% from the previous price. This means Bitcoin has breached the psychological level of $96,000 ahead of an important announcement from the Federal Reserve regarding the latest interest rate policy direction.¹ ²

*Supporting Factors for Bitcoin's Rise:*

- *The Fed's Flexible Stance*: The Federal Reserve has signaled it will overlook short-term inflation pressures and opened up the possibility of easing policies moving forward. This reinforces the belief that the 'Fed put' is still in effect, positively impacting the stock and crypto markets.

- *Change in Donald Trump's Stance*: U.S. President Donald Trump has expressed more openness towards flexibility in trade policies, which reduces economic uncertainty and makes investors more confident to enter risky assets like Bitcoin.

- *Adoption by Major Institutions*: Bitcoin spot-based ETFs are bringing flows of funds from traditional institutions into the crypto world, thereby strengthening Bitcoin's position in the global financial ecosystem.³ ⁴

*Bitcoin Price Predictions:*

Some analysts predict that Bitcoin could breach the $90,000 level or even reach $500,000 to $1 million in this market cycle. However, it is important to remember that Bitcoin price predictions can vary depending on the analysis and sources.