Ethereum

Based

Bitcoin

<p style="text-align: justify">The king of <strong>cryptocurrencies</strong> has been targeting $35,000 several times but has failed to reach the 17-month high. However, it is not dropping either. Although <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> are focused on the interest rate decision on Wednesday, no surprise is expected. It is almost certain that the interest rate hike will be skipped again. However, it is important whether a clear message will be given about the December interest rate decision.</p>
<h2 style="text-align: justify" id="usd-index-analysis">USD Index Analysis</h2>
<p style="text-align: justify">The decline of DXY, which bounced off the 50-day simple moving average on October 24, did not last long. Rising moving averages are concerning for cryptocurrency investors as they indicate that the increase in the index may continue. The divergence in RSI, along with the weakness in momentum, suggests that the index can continue to move between 107.35 and 105.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-271886 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/DXY-Kasim-Yorum.png" alt="" width="1917" height="827"></p>
<p style="text-align: justify">Based on Powell’s statements and the data to be released on Thursday/Friday, we can see that it is trying to surpass the level of 107.35. If successful, it could target 111 in this scenario. This situation is against the interests of investors due to the inverse correlation with <a href="https://en.coin-turk.com/when-will-the-bear-market-end-in-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>.</p>
<p style="text-align: justify">In a positive scenario for us, closes below 105.36 will target the 104.5 area.</p>
<h2 style="text-align: justify" id="bitcoin-btc-chart-analysis">Bitcoin (BTC) Chart Analysis</h2>
<p style="text-align: justify">The king of <strong>cryptocurrencies</strong> seems to be stuck in a narrow range again. However, the price being trapped between $33,390 and $35,380 confirms that bulls are avoiding strong profit-taking. This price range promises good profits for short-term investors. RSI is in the overbought zone, but rising moving averages bring to mind a reversal similar to 2020.</p>
<p style="text-align: justify"><img decoding="async" class="alignnone size-full wp-image-271887" src="https://coin-turk.com/wp-content/uploads/2023/10/BTC-Grafik-Analiz.png" alt="" width="1918" height="796"></p>
<p style="text-align: justify">If the price can close above $35,280, the resistance zone of $40,000 can be tested. On the downside, there are levels of $33,390 and $32,400. Closes below that level could lead to a test of $31,000 as support.</p>
<h2 style="text-align: justify" id="ethereum-eth-chart-analysis">Ethereum (ETH) Chart Analysis</h2>
<p style="text-align: justify">Rising moving averages also show that bulls are maintaining control in <strong><a href="https://coin-turk.com/oynayarak-token-kazanabileceginiz-16-ethereum-oyunu" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> (<a href="https://coin-turk.com/ethereumda-guncel-gorunum-borsalardaki-eth-arzi-son-3-yilin-en-yuksek-seviyesine-ulasti" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a>)</strong>. RSI looks supportive of price increases, and the price can consolidate between $1,746 and $1,865 for a while. If the top of the price range is exceeded and closes come, a rapid recovery up to $2,000 would not be surprising. However, this level can host intense profit-taking as it has not been seen for a long time.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-271890 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/ETH-Guncel-Grafik-Yorumlari.png" alt="" width="1918" height="787"></p>
<p style="text-align: justify">Closes below the support level of $1,705 could trigger the ongoing decline, and losing this zone could turn the trend downwards. BTC’s situation will be decisive here.</p>
<div class="sorumluluk_reddi" style="text-align: justify"><strong>Disclaimer:</strong> The information in this article does not constitute investment advice. Investors should be aware of the high volatility and therefore the risk associated with cryptocurrencies and should conduct their own research.
</div> Continue Reading: <a href="https://en.coin-turk.com/crypto-currency-predictions-will-altcoins-rise-latest-analysis-on-bitcoin-btc-ethereum-eth-and-usd-index/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/crypto-currency-predictions-will-altcoins-rise-latest-analysis-on-bitcoin-btc-ethereum-eth-and-usd-index/</a>

Crypto Currency Predictions: Will Altcoins Rise? Latest Analysis on Bitcoin (BTC), Ethereum (ETH) and USD Index

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