Bitcoin’s price remains stagnant, while select altcoins show signs of breaking out of resistance levels.
The recent rate hike by the Federal Reserve did not have a significant impact on Bitcoin’s price.
The crypto market continues to underperform, with the US Personal Consumption Expenditures Index coming in lower than expected.
Standard Chartered’s head of crypto research predicts Bitcoin could reach $100,000 to $120,000 by 2024.
Bitcoin’s price is struggling to break above the 20-day exponential moving average, indicating selling pressure.
Ether is stuck between moving averages, with bulls buying dips but unable to push the price above the 20-day EMA.
XRP may enter a period of consolidation between $0.67 and $0.85.
BNB’s price action is volatile, with both bulls and bears fighting for control.
Cardano rebounded off the breakout level of $0.30, but the 20-day EMA and RSI do not give a clear advantage to either bulls or bears.
Solana bounced off support at $22.30 and remains range-bound.
Dogecoin failed to sustain momentum above $0.08, and the price could slide to the 20-day EMA.
Polygon is indecisive between bulls and bears, trading between moving averages.
Litecoin is attempting a recovery but faces resistance at the 20-day EMA.
Polkadot struggles to break above the 20-day EMA, indicating selling pressure from bears.
Summary:
– Bitcoin’s price remains stagnant, while select altcoins show signs of breaking out of resistance levels.
– The recent rate hike by the Federal Reserve did not have a significant impact on Bitcoin’s price.
– The crypto market continues to underperform, with the US Personal Consumption Expenditures Index coming in lower than expected.
– Standard Chartered’s head of crypto research predicts Bitcoin could reach $100,000 to $120,000 by 2024.
– Bitcoin’s price is struggling to break above the 20-day exponential moving average, indicating selling pressure.
– Ether is stuck between moving averages, with bulls buying dips but unable to push the price above the 20-day EMA.
– XRP may enter a period of consolidation between $0.67 and $0.85.
– BNB’s price action is volatile, with both bulls and bears fighting for control.
– Cardano rebounded off the breakout level of $0.30, but the 20-day EMA and RSI do not give a clear advantage to either bulls or bears.
– Solana bounced off support at $22.30 and remains range-bound.
– Dogecoin failed to sustain momentum above $0.08, and the price could slide to the 20-day EMA.
– Polygon is indecisive between bulls and bears, trading between moving averages.
– Litecoin is attempting a recovery but faces resistance at the 20-day EMA.
– Polkadot struggles to break above the 20-day EMA, indicating selling pressure from bears.
