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Bitcoin Predictions Amidst Today's Federal Reserve Meeting

All eyes are on the Federal Reserve meeting today, as markets closely monitor monetary policy decisions, especially after pressures from the U.S. president to lower interest rates. With expectations of keeping the interest rate at its current levels (between 4.25% and 4.5%), the main focus remains on Jerome Powell's statements for any indications regarding future direction.

On another note, Bitcoin shows remarkable resilience, currently trading above $96,000, facing strong technical resistance at the $99,900 level. Breaking this barrier could open the door to higher levels, while failing to surpass it may lead to profit-taking.

The Federal Reserve may ignite the next move:

• “Dovish” statements could push Bitcoin higher.