$BTC Bitcoin Forecasts Ahead of Today's Fed Meeting
All eyes are on the US Federal Reserve meeting today, as markets closely monitor monetary policy decisions, especially after the US President's pressure to cut interest rates. With interest rates expected to remain at their current levels (between 4.25% and 4.5%), the focus remains on Jerome Powell's remarks for any indications of future direction.
On the other hand, Bitcoin is showing remarkable resilience, currently trading above $96,000 and facing strong technical resistance at $99,900. Breaking this barrier could open the way to higher levels, while failure to surpass it could lead to profit-taking.
The Fed could spark the next move:
• "Dovish" statements could push Bitcoin higher.
• Continued "hawkish" tone could keep the market in a state of volatility.
Close monitoring is key now.
Do you expect a rise to 100K soon?
