Cryptocurrency Markets Trade Higher as Federal Reserve Chair Jerome Powell Calls Bitcoin 'Digital Gold'

Notable Statistics: Notable Developments: Top Gainers: Trader Notes: With Bitcoin prices trading higher, crypto trader Rekt Capital emphasizes the importance

Cryptocurrency prices are trading higher on Wednesday evening, as the recent rally continues.

Bitcoin prices are up 1.3% over the last 24 hours, trading at $102,233. Throughout the evening, BTC prices have ranged from a low of $101,183 to a high of $102,433.

Over the past seven days, BTC prices have climbed 11.3%.

Bitcoin prices need to close above $97,000 for a breakout, says crypto trader Rekt Capital, who sees a further rise to $100,000.

Bitcoin prices are now targeting a breakout from this structure, which would lead to a further rally towards $100,000 BTC is currently attempting a 4th retest of the structure's upper boundary, which is crucial for a breakout to $100K.

Crypto trader Javon Marks sees Bitcoin prices targeting a 20.1% gain from current levels, which would take BTC prices to $116,652. According to Marks, BTC is following a near-textbook bullish pattern.

Bitcoin following a near-textbook bullish pattern Targeting a 20.1% gain from here for a price target of $116,652.

Crypto trader Crypto Wizardd is predicting a potential “giga liquidation event,” which could see Bitcoin prices drop to $65,000 before recovering to a range of $115,000–$120,000. According to Wizardd, he sees $120,000 as Bitcoin's peak, with possible consolidation between $90,000–$110,000 before the bull cycle ends around April/May 2025 An altcoin season is likely starting Q1 2025.

Bitcoin prices dropped below $100,000 on Monday, following a rally that saw BTC prices climb towards $105,000. Throughout the past week, Bitcoin prices have traded within a range of $97,233 to $104,833.

Bitcoin prices began the week trading at $98,233. After rising to a high of $105,000 on Thursday, BTC prices fell sharply on Friday morning, dropping to a low of $97,233.

Bitcoin prices recovered from Thursday’s sell-off and began trading higher on Monday morning. BTC prices rose to a high of $101,833 on Monday afternoon, before falling once again.

Bitcoin prices fell to a low of $99,933 on Monday evening, following a sell-off that began around 3.30 p.m. Eastern Time. BTC prices recovered from the sell-off and began trading higher once again.

Bitcoin prices rose to a high of $100,333 on Tuesday morning, before falling slightly. BTC prices traded within a narrow range throughout the day, rising to a high of $101,233 in the evening.

Bitcoin prices fell to a low of $99,833 on Wednesday morning, following a sell-off that began around 12.30 a.m. Eastern Time. BTC prices recovered from the sell-off and began trading higher once again.