Published on augustus 1, 2024, 12:28 am
Image source: Fox News
```json { "TLDR": "Bitcoin and altcoin charts show early signs, but it's uncertain for short-term trend reversal. Bitcoin eyes resistance at $70,000 towards all-time high near $74,000 amid predictions of surpassing $100,000 with US national debt influence. Ether targets $3,563, BNB aims for $635, SOL is positive at $194, XRP eyes $0.74. DOGE likely to bounce at $0.12, TON aims above $6.77. ADA struggles at $0.41, AVAX around $29. Market remains volatile; thorough research advised before investments." } ```
Bitcoin bulls have held the $65,000 level, but BTC and altcoin charts show it’s too early for traders to expect a short-term trend reversal. As Bitcoin faces resistance near $70,000, analysts are keenly watching key levels to gauge its next move towards breaking the all-time high near $74,000. The cryptocurrency market is abuzz with predictions that Bitcoin could surge past $100,000 with the United States’ national debt potentially boosting its adoption.
Among the top cryptocurrencies in focus, Ether (ETH) is striving to break above the 50-day SMA to target $3,563 while BNB aims at surpassing resistance at $606 to reach $635. SOL indicates positive sentiment as it eyes breaking above $194 followed by XRP looking towards overcoming resistance at $0.64 on its journey to $0.74.
In contrast, DOGE appears poised for a bounce from solid support at $0.12 while TON aims to maintain levels above $6.77 amidst a range-bound scenario. ADA struggles to breach the 20-day EMA at $0.41 as AVAX contends with maintaining levels around $29.
The crypto landscape remains dynamic and volatile; thus, readers are advised to conduct thorough research and exercise caution before engaging in investment or trading activities. The market awaits key triggers that will determine the direction of various cryptocurrencies in the near term.
Keywords: Altcoin
Original article posted by Fox News
