Bitcoin’s price is showing signs of holding onto its gains after testing key support levels. Traders are optimistic about further upside potential driven by increased demand and institutional investments, although longer-term trends remain uncertain. The Fed rate decision may have a cooling effect on US stocks, though the overall market sentiment remains bullish. Analysis suggests that Bitcoin’s performance is linked to weekly highs above key support levels like the 21-week exponential moving average (EMA) at $111,200 and $114,500 close. Rekt Capital highlights these as potential areas for a retest of support, which would be a positive sign for bulls. RSI data supports this optimism, with a hidden bullish divergence on the hourly chart signaling further price increases despite a slightly lower high in the RSI compared to recent price movement. The overall market sentiment suggests that Bitcoin could experience a continued rise, according to Ted Pillows. However, he notes that if Bitcoin loses support at $113,500, a correction towards the $110,000 level is possible. This pattern has held for several months now. The upcoming Fed rate decision could also have an impact on Bitcoin’s price, as it often influences risk-asset performance. This article is for informational purposes only and does not constitute investment advice.**