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Will the Fed Crash Bitcoin (BTC) or Spark a $100K Rally?


Will the Fed Crash Bitcoin (BTC) or Spark a $100K Rally?

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AI Overview

Bitcoin is currently above $90,000 as traders anticipate the US Federal Reserve's meeting. Key resistance levels are identified at $91,892 and $100,793, with a potential rally towards $100,000 by year-end if cleared.

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Bitcoin (BTC) is holding shakily above $90,000 as traders assess the next move ahead of the US Federal Reserve’s final meeting of the year. Some market participants are watching for a possible year-end rally, while others see signs of weakness.

Key Resistance in Focus

Crypto analyst Michaël van de Poppe says Bitcoin is still trading along a bullish path. He pointed to $91,892 as a level that needs to be cleared to maintain upward momentum. If that happens, the next major resistance is around $100,793. A move through this zone could open the way to $100,000 before the end of December.

Read the article at CryptoPotato

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In This News

Coins

$ 71.10K

-3.64%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

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