$BTC $ETH $XRP
Good evening, as we see, the price of Bitcoin is experiencing a steady rise between the areas of 93,000 and 95,500, which means a strong rise is coming as it approaches the area of 96,000. It may head towards the area of 97,000 and continue to the resistance level of 97,850. If successful, we have another very important resistance from 99,350 to 100,000. In the case of a break and close of the 1D index, a sideways rise is likely, provided that the relative strength index closes. It will not be without liquidity weakness, as we see on the four-hour relative strength index penetrating a negative area, which is positive if it continues. The chart shows the beginning of Bitcoin's price launch, but a warning: the monthly close is near, so we may witness volatility due to the close, including a rise to another sideways rise, and then waiting for the Federal Reserve meeting, Jerome Powell, to see if there will be a rate cut or not. A rate cut may revive Bitcoin's movement and push it to 110,000 and 120,000. This may be the beginning of a new bullish wave, as I see, but if coupled with a stable interest rate, we may see the opposite. On the other hand, altcoin markets remain unchanged with no positive movement. Up to this moment, we do not know what may happen. Any negative movement today may be directed. The price of Bitcoin is at 93,000, and we have also warned about the areas of 92,600, 91,500, and 89,800. These are not buying areas as they are dangerous.
