$BTC Here are some predictions and analyses about Bitcoin (BTC) based on current data:

*Current Price:* Bitcoin is currently trading at around $94,450.79 with a market capitalization of $1.89 trillion. In the last 24 hours, the price of BTC has decreased by 0.27%.¹

*Short-Term Predictions:* Based on technical analysis, Bitcoin has the potential to break through the resistance level at $98,500, which could pave the way towards a price target of $101,954 to $105,417. However, if the price fails to break through the support level at $96,000, the potential decline to the $94,000 zone or even $90,500 cannot be ignored.²

*Factors Affecting Price:* Several factors that influence the price of Bitcoin include:

- *Fed Policy*: Hawkish comments from the Fed Chair can impact the crypto market, including Bitcoin.

- *Global Economic Uncertainty*: Global economic uncertainty can put pressure on risk assets such as Bitcoin.

- *Outflows from Bitcoin ETFs*: Outflows from Bitcoin ETFs may reflect a decline in institutional interest in the short term.

*Scenarios:* There are several scenarios that may occur regarding the price of Bitcoin, including:

- *Bullish Scenario*: Positive market sentiment may drive the price of Bitcoin up towards $101,954 to $105,417.

- *Consolidation Scenario*: The price of Bitcoin may move sideways in the range of $96,000 to $98,500, waiting for new catalysts to determine the next direction.

- *Bearish Scenario*: If inflation remains high and the Fed maintains a tight policy, the price of Bitcoin may drop to the $94,000 zone or even $90,500.