Bitcoin remains range-bound, while certain altcoins show signs of breaking down.
– Bitcoin’s lack of clarity between bulls and bears suggests a “mid cycle lull” until the next bull run in November 2024.
– Cryptocurrencies could face headwinds in the remainder of 2023 due to macroeconomic issues.
– The decision on Bitcoin spot ETF applications and the race for a spot Ether ETF will be closely followed.
– Bitcoin’s price needs to break above the 20-day EMA to clear the path for a sustained recovery.
– Ether continues to trade inside a narrow range, with the risk of a breakdown below $1,626.
– BNB faces resistance at $220, with support at $200.
– XRP lacks demand at higher levels and could nosedive below $0.50.
– Cardano shows indecision between bulls and bears, with a downside breakdown possible below $0.25.
– Dogecoin remains stuck between the 20-day EMA and support at $0.06.
– Solana’s sentiment remains negative, with a potential downside to $16.
– Toncoin’s rebound attempts are being sold into, with the 20-day EMA as a key level to watch.
– Polkadot faces resistance at the 20-day EMA, with support at $4.22.
– Polygon buyers are selling on minor rallies, with support at $0.50.
– This article does not contain investment advice or recommendations.
