Bitcoin’s price is hovering around $102,500, struggling to recover from a recent $100,000 drop. It has returned to yesterday’s levels but still hasn’t come close to the $110,000 mark as traders await the evening’s Fed decision. Federal Reserve Chair Powell’s statements are expected to be crucial for market direction. What are the latest predictions from experts?
Will Cryptocurrencies Rise?
A crypto analyst known as Washigorira suggests that the descending wedge in the Ether chart needs to break. At the time of writing, the ETH ($3,118.58) price was at $3,130, lingering at similar levels for months. Altcoin investors anticipate that ETH will reach an all-time high again, providing upward movement beyond BTC ($102,311.86).
In today’s market evaluation, the analyst noted:
“Ethereum 
$3,127 is forming a descending wedge…
