Bitcoin, Altcoins Fall Ahead of Fed Interest Rate Decision

Bitcoin, Altcoins Fall Ahead of Fed Interest Rate Decision

Main points:

  • Bitcoin kept more than 104,000 dollars, but constant sale may drown the price to $ 100,000.

  • Most of the main altcoins are still in the range, but a few threaten to divide support levels.

Bitcoin (BTC) is witnessing a difficult battle between bulls and bears near the simple moving average for 50 days (104,269 dollars). The bulls try to form a higher decrease while the bears tried to drown the price to psychological support at $ 100,000.

BITFINEX analysts said in the market report on Tuesday that Bitcoin needs to stay above $ 102,000 to $ 103,000 to start a recovery, provided that geopolitical risks are not intensified more. Analysts believe that the current environment provides “a high -risk and high chance to continue to continue up in the event of the buyer’s confidence.”

Daily encryption market data. source: Coin360

Another rising voice was the voice of the Cryptoquant Gaah, who said in the “QuickTake” blog on Tuesday that the indexes of the Bitcoin Indexing cycle (IBCI) settled near a 50 % range, indicating “a neutral point in the market cycle.” Jah added that Bitcoin was in a transitional stage and not in the stage of fatigue, leaving the door open for more upward trend.

Can buyers pay bitcoin about $ 110,000, or is the bears flooding the price to $ 100,000? How is Altcoins prepared? Let’s analyze the plans from the 10 best encrypted currencies to discover this.

Bitcoin prediction

Bitcoin rose above the Si -moving average for 20 days (105,851 dollars) on Monday, but the bulls could not maintain the higher levels. Refuse the price and fell to SMA for 50 days on Tuesday.

BTC/USDT Daily Chart. Source: CointeleGRAPH/TradingView

EMA has been flat for 20 days, and the RSI is near the center point, indicating a possible term in the near term. If the price reduces SMA for 50 days, the BTC/USDT pair may drown to $ 100,000. Buyers are expected to defend $ 100,000 with all his strength because the break below may sink the husband to $ 93,000.

On the upper side, the EMA break for 20 days can push the pair to the landline line. If this level is wiped, the pair may rise to the neck line for the upside down head and shoulder style near 112,800 dollars.

Predicting the price of ether

Buyer (ETH) was paid over EMA for 20 days ($ 2560) on Monday and Tuesday, but the long wick on the candlestick appears to be sold near $ 2738.

Eth/USDT Daily Chart. Source: CointeleGRAPH/TradingView

EMA indicates 20 days and RSI near the center point to a possible possible work in the near -term. ETH/USDT can combine between $ 2,738 and $ 2,323 for a few days.

If buyers penetrate 2738 dollars resistance, the probability of an increase of $ 2,879. The husband can rise about $ 3,153. This positive offer will be nullled in the short term at a break less than $ 2,323. The husband may decline to $ 2,111.

XRP prediction price

Buyers XRP (XRP) paid over SMA for 50 days ($ 2.27) on Monday, but the bears stopped recovery at $ 2.34.

XRP/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Both moving averages are prepared, and RSI is slightly lower than the center point, indicating a possible term in the short term. The XRP/USDT pair can remain stuck between $ 2 and $ 2.34 for more time.

Unlike this assumption, if the price continues less and less than $ 2 collapses, it indicates a new starting transfer to $ 1.61.

Buyers will gain strength more than $ 2.34. The husband may then rise to the public resistance at $ 2.65.

Predicting BNB Price

The sellers thwarted bulls to pay BNB (BNB) over EMA for 20 days ($ 653) on Monday and Tuesday.

BNB/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Bears will try to enhance their position by withdrawing the price without supporting $ 634. If they do, the BNB/USDT pair can collapse to $ 580.

On the contrary, if the price recovers $ 634 by force, it indicates strong demand at lower levels. Bulls will have to pay the price above $ 660 to open the gates to gather to the public resistance of $ 693. Sellers are expected to defend 693 dollars because the rest over it may go to the husband to $ 732.

Predicting at the price of Solana

Solana (Sol) buyers on EMA for 20 days ($ 154) on Monday, but they could not scan SMA for 50 days ($ 160).

Sol/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Bears try to withdraw the price to the support of $ 140, a decisive level to pay attention to. If the level of $ 140 collapses, the Sol/USDT pair will complete the H & s landing style. The husband may decrease to $ 123 and eventually to $ 110.

Instead, if the price rises and separates from the SMA for 50 days, it indicates a strong purchase near $ 140. The husband can keep between $ 140 and $ 185 for a period of time. Buyers will return to driving near $ 185.

Predicting the price of Dogecoin

Dogecoin (Doge) is witnessing a difficult battle between buyers and sellers with a support of $ 0.16.

Doge/USDT Daily Chart. Source: CointeleGRAPH/TradingView

EMA indicates for 20 days ($ 0.18) and RSI in the negative area that the lower resistance path is the downside. If it is $ 0.16 subsidies, the DOGE/USDT pair may drown to $ 0.14.

Buyers will try to protect 0.14 dollars strongly, but it is possible that the relief process of the sale in EMA for 20 days. If the price decreases sharply from EMA for 20 days, the support will be $ 0.14 at risk of collapse. If this happens, the husband may collapse to $ 0.10. Buyers will return to the driver’s seat at a break above $ 0.26.

Cardano prediction

Cardano (ADA) of EMA for 20 days ($ 0.66) refused on Monday, indicating a negative feeling as the bears are sold in relief marches.

ADA/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The bulls try to defend the level of $ 0.60, but if the bears prevail, the ADA/USDT pair may go to strong support at $ 0.50. Buyers will try to arrest the fall at $ 0.50 because if they fail their endeavors, the husband may decrease to $ 0.40.

If buyers want to prevent the downside, they will have to pay the price at a speed of SMA for 50 days ($ 0.71). If they do that, the husband may rise to the landline line, as the bears may be a great challenge.

Related to: The price of XRP is merged for 200 days: analysts predict its location after that

Predicting the price of liquid height

Buyers have repeatedly and repeatedly pushed the liquid (HYPE) over the resistance of $ 42.25 in the past few days, but they have failed to maintain the highest levels.

Hype/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The Bears tried to strengthen their position by withdrawing the price without EMA for 20 days ($ 37.93) on Tuesday, but the bulls were carried on their soil. Buyers will again try to close the price above $ 42.50. If they can withdraw it, the noise pair/USDT may rise to $ 45.80 and then to $ 50.

This positive offer will be nullified in the near term if the price rejects and less than 20 days are broken from EMA. The husband can then start a deeper correction towards SMA for 50 days ($ 31.17).

SUI price prediction

Sui (SUI) of EMA for 20 days ($ 3.17) refused on Monday and fell below decisive support at $ 2.86.

Sui/USDT Daily Chart. Source: CointeleGRAPH/TradingView

If the price remains less than $ 2.86, the sale may lead to capture, and the sui/USDT pair may accommodate $ 2.42. Bulls will try to start a $ 2.42 relief raising, but he may face severe resistance in EMA for 20 days. If the price decreases from EMA for 20 days, the husband risks a decrease to $ 2.

The first mark of the power will be a break and close to EMA for 20 days. The pair can rise to SMA for 50 days ($ 3.49).

Bitcoin cash prediction price

Bitcoin Cash closed over $ 462 on Monday, but the bulls are struggling to maintain higher levels.

Bch/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Sellers are trying to pull the price to below $ 462. If they can do this, the BCH/USDT pair can stumble into the moving averages. Buyers will try to arrest the decrease in moving averages. If the price recovered from the moving averages strongly, then the bulls will try again to push the husband to $ 500.

On the other hand, it tends near SMA for 50 days to feature in favor of bears. The husband may decrease to $ 375.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.

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