Bitcoin price continues to fluctuate near $97,000 while traders await the FOMC minutes release. Key support levels and altcoin prospects are discussed.
Current Bitcoin Price and Support at $95,000
Bitcoin bulls are attempting to breach the immediate resistance at $97,895 to reach the psychological $100,000 mark. Data from analytics platform Santiment shows that wallets holding between 10 and 10,000 BTC are optimistic, acquiring 81,338 BTC in the last six weeks. If Bitcoin fails to hold the level at $95,000, analysts expect further declines.
Forecasts for Altcoins
Several altcoins are holding their support levels, opening up opportunities for short-term rallies. For instance, Ethereum is aiming to break through resistance at $1,873 and may rise to $2,111. Similarly, XRP is under pressure but could show gains if it breaks above the resistance level. BNB is indicating support below moving average levels and could reach $644.
Conclusion
The cryptocurrency market remains volatile, with Bitcoin maintaining the $97,000 level and altcoins showing signs of resilience. Investors are closely monitoring key levels that may determine short-term trends.
The cryptocurrency market displays mixed signals, with Bitcoin holding important levels and altcoins demonstrating resilience.
