Forecasts & Analysis | Crypto

Bitcoin should at least target the $28.5-30.5K zone. From there, it can continue its Bull to $100K+ or drop to $23.5K and start over. The September 11 low at $24,919 is the dividing line.

Leading cryptocurrencies remain pressured by elevated Treasury yields. Monitor these key levels in BTC, ETH and XRP for clues on future price direction.

Bitcoin briefly rose to $26.7K but again found resistance at the 50-day moving average, which had already fallen to the abovementioned level.

XRP’s precarious position is emphasized by McHenry’s stringent rebuke of the SEC, reflecting a landscape riddled with regulatory ambiguities and impending rulings.

According to CryptoQuant, bitcoin spot trading volume fell to 2018 values last week. The number of transactions has fallen more than 40 times since March.

Ripple awaits a pivotal SEC ruling, amidst intense deliberations and Gary Gensler’s notable Capitol Hill testimony on crypto asset securities.

Ark 21Shares and Global X BTC-spot ETF applications face extended review periods by the SEC, putting a spotlight on regulatory stances and fueling Capitol Hill discussions.

Leading cryptocurrencies come under pressure from yielding assets. Watch these important trading levels in BTC, ETH and Ripple’s XRP.

Bitcoin closed lower on Monday, remaining in the clutches of the bears after touching the 50-day moving average a week ago.

The SEC’s mounting challenges against Ripple and Coinbase are setting precedents, as awaited rulings could dictate the future trajectory of digital assets.