Today Bitcoin $BTC is volatile, orbiting around $97 thousand, awaiting the FED's decision on interest rates and Jerome Powell's speech. The probability of maintaining rates at 4.25% - 4.50% is high (reaching 99% at the moment I'm writing), but Powell's tone will be decisive. A hawkish speech could push $BTC to a support range between $92 thousand and $86 thousand, while a dovish tone could drive the price towards $100 thousand, as analysts point out. Investors should monitor inflation and signs of recession. Caution is essential at this moment, considering that today may bring a lot of volatility in the crypto market.
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