$BTC

Bitcoin Predictions Amid the U.S. Federal Reserve Meeting Today

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

On the other hand, Bitcoin shows notable resilience, currently trading above $96,000 and facing strong technical resistance at the $99,900 level. Breaking this barrier could open the way 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.

• Continued “hawkish” tone may keep the market in a state of fluctuation.

Close monitoring is the key to decision-making at the moment.

Do you expect a rise to 100K soon?