Bitcoin’s price remains stagnant, while some altcoins show signs of breaking out.
The recent rate hike by the Federal Reserve did not have a significant impact on Bitcoin.
The crypto market continues to underperform after the US PCE Index came in lower than expected.
Standard Chartered’s head of crypto research predicts Bitcoin to reach $100,000 to $120,000 by 2024.
Bitcoin’s price is struggling to break above resistance levels, indicating bearish sentiment.
Ether is stuck between moving averages and may soon experience a breakout.
XRP may enter a consolidation phase between $0.67 and $0.85.
BNB’s price action is volatile, with both bulls and bears fighting for control.
Cardano rebounds off support at $0.30, but the market remains uncertain.
Solana bounces off support at $22.30, indicating a range-bound action.
Dogecoin struggles to sustain momentum above $0.08, with selling pressure at higher levels.
Polygon trades between moving averages, showing indecision in the market.
Litecoin attempts a recovery but faces resistance at the 20-day EMA.
Polkadot fails to break above the 20-day EMA, indicating selling pressure from bears.
Summary:
– Bitcoin’s price remains stagnant while altcoins show signs of breaking out.
– The recent rate hike by the Federal Reserve did not impact Bitcoin significantly.
– The crypto market underperforms after the US PCE Index came in lower than expected.
– Standard Chartered predicts Bitcoin to reach $100,000 to $120,000 by 2024.
– Altcoins like Ether, XRP, BNB, Cardano, Solana, Dogecoin, Polygon, Litecoin, and Polkadot face various challenges in their price action.