Cryptocurrency markets are reporting solid gains on Wednesday, with Bitcoin price remaining above the $90,000 mark amid rising optimism around a potential Federal Reserve rate cut in June.

At the time of writing, Bitcoin (BTC) was trading at $90,686, reporting a 24-hour gain of 1.33%. The world’s leading cryptocurrency is now trading at a distance of over 10% from the $80,000 psychological level.

On the other hand, Ether (ETH) was trading at $3,734.96, reporting a 2.21% gain for the past 24 hours. The second-largest cryptocurrency is now trading at a distance of over 30% from the $50,000 psychological level.

Among the crypto tokens, traders are keeping an eye on the latest price predictions from XForceGlobal, Titan of Crypto, and TimelessBeing.

XForceGlobal sees Bitcoin gaining steady momentum, with recent pullbacks viewed as healthy within the broader trend. While some anticipate a brief corrective wave before a new all-time highs, he notes it’s equally possible that BTC pushes straight to new highs without any major dip.

“Anticipate a brief corrective wave (marked in grey) to play out before we see a new all-time high for Bitcoin. It’s also possible that BTC will aim for new highs without any major dips.”

However, on the other hand, if BTC faces strong selling pressure at current levels, it could lead to a deeper retracement, ultimately reaching the $75,000 support zone.

“If BTC faces strong selling pressure at current levels, it could lead to a deeper retracement, ultimately reaching the $75,000 support zone.”

Titan of Crypto reports that Bitcoin is breaking out of its consolidation range, appearing strong on the charts. A daily close above current resistance would confirm the breakout and could pave the way toward the $99,000 target.

TimelessBeing offers a more cautious view, noting Bitcoin is trading in an overextended range without meaningful follow-through, indicating either prolonged consolidation or a possible dip.

The current high shows signs of minor excess, and the price is entering a zone heavily populated with previous long entries. For bulls, holding the $95,000 level is crucial.

Daan Crypto Trades highlighted that Bitcoin closed April with a 14% monthly gain, despite a sharp dip early in the month following Liberation Day.

The recovery established a higher low, reinforcing bullish momentum and leaving BTC in a strong position heading into May.