Bitcoin’s recent price action is captivating traders as it approaches the highly anticipated FOMC meeting. Market analysts are closely watching for insights into future economic trends that could influence Bitcoin’s trajectory. 4-hour candlestick charts show a notable recovery from a local low near $93,300 and current consolidation around $96,950. A clear upward trend is evident with a breakout above $95,700, flipping the former resistance into support. The next key test lies at the $97,700 level, a zone that previously acted as resistance in late April. If Bitcoin breaches and closes above this level with significant trading volume, it could signify a surge towards the psychologically important $100K mark. However, Ali cautions, if Bitcoin encounters rejection at this resistance, we might see a temporary pullback, potentially retesting the $95,300 to $94,500 range.