Bitcoin and altcoins are making significant moves, with Bitcoin ETFs indicating a potential breakout for BTC. The US elections and Federal Reserve’s decisions also play a crucial role in shaping the cryptocurrency market. Bitcoin whales are accumulating more assets amidst sideways price action. Can Bitcoin surpass $70,000 and drive altcoin purchases higher? Let’s delve into the charts to find out.
S&P 500 Index Price Analysis: The SPX remains positive as long as it stays above the uptrend line. Breaking above resistance levels could signal a new uptrend.
US Dollar Index Price Analysis: The DXY rally near overhead resistance suggests potential consolidation. Support levels and moving averages will play a critical role in determining the index’s next direction.
Bitcoin Price Analysis: BTC continues its upward trend towards $70,000, supported by moving averages and positive RSI. The $70,000 level may pose resistance.
Ether Price Analysis: ETH faces challenges but remains within the ascending channel pattern. Key levels to watch include the 20-day EMA and support zones.
BNB, Solana, XRP, DOGE, TON, ADA Price Analysis: Each altcoin shows specific price movements and potential scenarios to watch, with support and resistance levels guiding future price actions.
