Bitcoin recently experienced higher levels of volatility, with the price bouncing back from a low near $56,500 to close above $64,000. This indicates continued positive sentiment in the market, with buyers seizing opportunities at lower price levels. Data from Farside Investors shows significant net inflows into Bitcoin exchange-traded funds, particularly the Grayscale Bitcoin Trust ETF, suggesting a potential halt to persistent selling in the GBTC.

Bitcoin's recovery has also attracted over $1 billion in venture capital funding for two consecutive months, which is a positive indicator for the sector. Resistance levels to monitor in Bitcoin and altcoins have been analyzed through charts, revealing crucial levels to watch.

S&P 500 Index Price Analysis:

The S&P 500 Index is currently seeing solid buying at lower levels as the bears struggle to maintain the index beneath moving averages. A sustained price above the 50-day simple moving average could signal the end of the corrective phase, potentially leading to a rally towards the all-time high at 5,265. Key support levels are at 5,000 and 4,950.

U.S. Dollar Index Price Analysis:

The U.S. Dollar Index faced resistance at 106.50, leading to a pullback below the 20-day EMA. Lower levels attracted buying interest, but a break above the 20-day EMA could push the price back towards 106.50. Support level to watch is the ascending channel's support line.

Ether Price Analysis:

Ether broke above the 20-day EMA but encountered selling pressure from bears. If the price maintains above the resistance line, a potential trend change could be seen with a target of $3,730. On the downside, a break below $2,850 might lead to further decline.

BNB Price Analysis:

BNB showed strength by rising above moving averages, hinting at a push towards overhead resistance at $635. If the price fails to break above this level, a consolidation phase between $495 and $635 might continue.

Solana Price Analysis:

Solana has been trading within a range, with the price likely to test overhead resistance at $162. However, a break above $205 could lead to further gains, while a drop below the 20-day EMA might result in a decline to $126.

XRP Price Analysis:

XRP surged above the 20-day EMA, indicating a potential end to the corrective phase. A move above the 50-day SMA could propel the price towards $0.67, while a drop below the 20-day EMA might lead to a decline to the support zone between $0.46 and $0.41.

Toncoin Price Analysis:

Toncoin rose above moving averages, with potential resistance at Fibonacci retracement levels. A break above $6.49 could lead to further gains towards $7.67, while a drop below critical support at $4.72 might indicate a reversal.

Dogecoin Price Analysis:

Dogecoin's recovery faces selling pressure at the 50-day SMA, with support at the 20-day EMA. A break above the 50-day SMA could lead to a rally towards $0.21, while a drop below the 20-day EMA may result in a decline to $0.12.

Cardano Price Analysis:

Cardano faced rejection at the 20-day EMA, with support at $0.46. A break above the 20-day EMA could signal reduced selling pressure and a potential rally towards $0.57, while a drop below $0.40 might lead to further downside.

It's important to note that this analysis does not serve as investment advice, and individuals should conduct their research before making any financial decisions.

Source: Coin360