Bitcoin (BTC) trades higher, nearing a key resistance level at $112,800 at the time of writing on Wednesday. A decisive close above this level would signal a potential rally ahead.
Bitcoin (BTC) price extends its correction, trading below $111,600 at the start of the week on Monday after being rejected from its previously broken trendline last week.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) recover on Wednesday after two consecutive days of losses ahead of the release of the Federal Reserve's (Fed) meeting minutes later today. Bitcoin resurfaces above the $113,000 level on Wednesday following the 2.89% drop from the previous day.