Bitcoin and Ether are leading the cryptocurrency markets, but a short-term pullback is possible.
BlackRock’s registration of the iShares Ethereum Trust indicates their interest in Ether, not just Bitcoin.
There is optimism that spot Bitcoin ETFs will be approved by the SEC in 2024.
Galaxy Digital founder believes ETF approval will boost institutional adoption in 2024.
Bitcoin price analysis shows potential for a rebound to $40,000, but a dip back into the channel could indicate rejection of higher levels.
Ether price analysis suggests consolidation or correction may be near, with resistance at $2,200 and potential for a rise to $2,950.
BNB price analysis shows buyers attracted to lower levels, with resistance at $265 and support at the 20-day EMA.
XRP price analysis indicates profit-booking, with support at the 20-day EMA and potential for a climb to $0.85.
Solana price analysis shows a breakout above resistance at $48, but overbought levels suggest a possible correction or consolidation.
Cardano price analysis shows rejection of higher levels at $0.38, with support at the 20-day EMA and resistance at $0.46.
Dogecoin price analysis suggests indecision among bulls and bears, with resistance at $0.08 and potential for a range-bound consolidation.
Toncoin price analysis shows support at the 20-day EMA and potential for a rally to $4.03 if resistance at $2.59 is broken.
Chainlink price analysis shows selling at higher levels, with support at $13.24 and resistance at $15.
Polygon price analysis shows selling near resistance at $0.89, with potential for a dip to $0.76 and a rally to $1.29 if resistance is broken.
Summary:
– Bitcoin and Ether lead the market, but a pullback is possible.
– BlackRock’s interest in Ether indicates broader cryptocurrency aspirations.
– Optimism for spot Bitcoin ETF approval in 2024.
– Bitcoin, Ether, BNB, XRP, Solana, Cardano, Dogecoin, Toncoin, Chainlink, and Polygon analyzed.
– Key levels of support and resistance identified for each cryptocurrency.