$BTC

The Bitcoin market is witnessing relative stability around $106,600 today, after a previous rise that reached $108,800. This performance coincides with the start of the U.S. Federal Reserve meeting, where investors are anticipating any dovish tone that may pave the way for interest rate cuts later.

💼 Market indicators show:

Strong demand from institutions, supporting prices at these levels.

An upward technical momentum, with technical resistance near $113,600, and if breached, the price could target $122,000.

📊 Prediction: If the Federal Reserve hints at cuts in 2025, we may see a strong upward wave led by Bitcoin, followed by alternative currencies like ETH, SOL, and XRP. Currently, all eyes are on Jerome Powell's speech, which could ignite the markets in the coming hours.

✍️ In summary: The market is breathing optimism, but the actual decision lies with the Federal Reserve.