After several days of market decline and in anticipation of Powell's speech, who has recently been constantly crashing the market with his speeches, the market was falling, Bitcoin was resting at the support of 112K and even tried to go lower.
Trump and the team still managed to sway Powell. In his speech, he talked about easing monetary policy and lowering interest rates.
Stock indexes have moved to their peaks, and the dollar index has dropped below 98.
Bitcoin rose from 112K to above 117K. It is currently trading around 116000.
Market capitalization has once again approached an important level of 4 trillion, currently at 3.98 trillion. The dominance index has decreased to 59.40%.
Ether reached 4849 at the moment. It is again in a strong resistance zone of 4800-5000. Just a little bit to ATH. The psychological level of 5000 is also nearby.
I think that if no extreme negativity happens over the weekend, we will see good growth of altcoins over the weekend.
Main goals - securing Ether above 5000, and market capitalization above 4 trillion. Achieving these goals will provide a good impetus for further market growth towards investment targets for Bitcoin and top assets.
Everything is obvious (as I said in advance). But most will be afraid to buy in time, will sell too early, then will start to catch up with missed opportunities in shitcoins and futures. And then they will face a situation where Bitcoin seems to be approaching 200K, and Ether is already worth 10K, but there is still no money.
Such situations are upsetting.
"TAKEN FROM THE MAIN CRYPTO CHANNEL"
