Bitcoin price found support around its 50-day Exponential Moving Average (EMA) at $98,633 on Monday and rose 2.37% on Wednesday, closing above $103,700 on that day. At the time of writing on Thursday, it continues to trade higher around $105,400.

Can Bitcoin hit $100,000 in post-halving rally? Our Bitcoin price prediction aims to answer with in-depth analysis of market sentiment.

Bitcoin Cash (BCH) remains well below its all-time high and continues to hover within an accumulation range that goes back seven years. In recent trading, BCH has struggled to break higher and formed a descending triangle following rejection around $640 in early December.

The upcoming Fed interest rate decision on Wednesday could bring volatility spikes in risky assets like Bitcoin.