The world of digital currencies is set to witness a week filled with insights from the US, with analysts offering evaluations ahead of significant market events. Analyst Jelle recently provided an analysis focusing on two major assets - INJ and Bitcoin (BTC). Jelle’s assessment relies on technical indicators and the anticipation of market-moving occurrences such as the Federal Open Market Committee (FOMC) meeting.

INJ Analysis

Jelle delves into INJ, highlighting the cryptocurrency's shift where the 50-day Exponential Moving Average (EMA) has transformed into a support level. This development suggests a possible transition from a bearish to a bullish trend. INJ has also broken its downtrend and confirmed a trend line as support, contributing to its optimistic outlook. Despite these positive signs, INJ remains in consolidation just below a crucial resistance level. Jelle indicates that surpassing this resistance at $32 could indicate further positive momentum and potentially initiate another market cycle.

Bitcoin Volatility

Moving onto Bitcoin, Jelle observes that BTC is in the process of reclaiming its lower time frame trend, expecting price volatility or "swings" later in the day. He advises investors to exercise patience and prepare for potential significant price shifts, particularly in light of the upcoming FOMC event. Jelle notes a historical pattern where the last four FOMC meetings have coincided with local Bitcoin bottoms, leading to rallies exceeding 20%. This historical trend suggests that the current FOMC meeting may once again have a beneficial impact on the market.

Potential Upsurge for BTC

Jelle underscores that Bitcoin has successfully retested its trend line and the 50-day EMA, after a period of 100-day consolidation. This retest, along with the consolidation, indicates Bitcoin's increasing readiness for a substantial price surge. The approaching FOMC meeting could offer the momentum needed for Bitcoin to embark on a price discovery phase.

At the time of this analysis, the leading digital asset Bitcoin is valued at $67,416.