Bitcoin (4 hour timeframe). At yesterday’s Fed meeting, the base rate was left unchanged, as most investors expected. As a result, after a temporary dip, Bitcoin began to recover. The price movement reversed at the anticipated bounce zone near the upper boundary of the Ascending Channel. At the time of writing this review, the asset has approached the significant level of $118,600, which may slow its growth and push the price back to the upper line of the Ichimoku Cloud at $117,500. Otherwise, technical indicators point toward a continuation of the uptrend—Bitcoin is trading above the Ichimoku Cloud, the Relative Strength Index has crossed above the 50 mark and the 100 EMA from below. Now, Bitcoin needs to consolidate above the Point of Control at $118,600 to accelerate its upward movement. Meeting this condition will drive the asset toward the resistance level near its historical high.