Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL


18 Sep 2023 5:32 PM

Bitcoin bulls are likely to take a shot at the overhead resistance but the bears are unlikely to give up easily....

  • The failure of the bears to sink Bitcoin's price below $25,000-support ignited buying interest.
  • Market participants are optimistic that the Federal Reserve will not hike rates this year.
  • The strength in the United States dollar index has not adversely impacted the price of Bitcoin.
  • The last ten days in September are known to favor the bears.
  • The S&P 500 Index has been positive on average only for two days between Sep. 20 and 30 since 1950.
  • The bears sold aggressively at the downtrend line, pulling the price back below the moving averages.
  • The U.S. dollar index is likely to face resistance at 106.
  • Bitcoin has maintained support above the 20-day EMA since Sep. 14.
  • Ether broke above the overhead resistance on Sep. 18, indicating a comeback for the bulls.

The sentiment in the article is generally positive, with mentions of buying interest, optimism about the Federal Reserve not hiking rates, and the bulls making a comeback in Bitcoin and Ether.

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You May Ask

What is the probability of the Federal Reserve keeping rates at current levels in the December meeting?Why has the strength in the United States dollar index not impacted the price of Bitcoin?What is the historical performance of the S&P 500 Index in the last ten days of September?What are the potential price levels for Bitcoin and Ether in the near term?How have the bears and bulls been performing in the market recently?

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