Can Bitcoin break through the 100,000 mark today?

The Federal Reserve has made a strong statement: Tonight, the Federal Reserve will announce its interest rate decision. If it suggests 'no rate cuts' or even a possible rate hike, the market may panic, and Bitcoin could drop.

Price is stagnating: Currently, Bitcoin's price is around $98,000, close to the 100,000 mark. Many people feel that it has stopped rising and may retrace to $93,000-$94,000.

Market sentiment is unstable: Recently, the market has been fluctuating between greed and panic. If panic suddenly sets in, it could trigger more sell-offs.

Economic data is poor: Recent economic data from the U.S. (GDP, consumer confidence) has been weak. If the Federal Reserve pours cold water on the situation, Bitcoin may fall as well.

If it breaks through the 100,000 mark, many shorts will get liquidated.

The price will instead surge. So if you're shorting, make sure to set stop losses; don't hold on stubbornly!

If it can't break through 100,000, there may be a short-term retracement. Market confidence is insufficient, and it may pull back to the $93,000-$94,000 support level.

Many people have also leveraged to go long around $96,000, which is currently a small support level. If the price falls below $96,000, exchanges will force liquidations (liquidations) leading to more selling pressure.

In simple terms, if it breaks and holds above, there will be a significant price increase. If it can't break through, retail investor sentiment will weaken, and FUD panic will spread, leading to more selling for safety!!