Cryptocurrencies start the new week with modest gains. There has been no new announcement regarding negotiations with China. Additionally, the U.S. inflation figures are expected on Friday, followed by the interest rate decision days later, indicating a busy period ahead. During this time, we should take a look at what awaits us in ASTER, XPL, and BTCGOLD charts.
Bitcoin and Gold
Bitcoin 
$63,443 is hovering at $108,900, just below the resistance point of $110,500. Will Clemente, in his recent Bitcoin evaluation, emphasized the risks of a bearish mindset by recalling details highlighted by Cav. On Friday, he gave BTC another chance with a smaller amount, driven by the thought process: the market predicts a bear trend, skew is at its highest since April, lower levels have been swept, ledgers are at the highest bid for a while, and gold has finally taken a breather. Now, he wants to see a strong shift in momentum.
If his predictions prove correct, those buying at currently attractive prices could reap good returns within a few weeks. Cav’s market motivation can be summarized in a few points, including the end of prolonged consolidation, high levels of fear indicating a bottom, and BTC’s curve rising to multi-year highs.
DaanCrypto shared a chart analyzing Bitcoin and Gold. He noted that gold experienced substantial growth this year while BTC maintained steady levels. The ratio remains well-preserved at around ~25. In the coming weeks, as gold perhaps cools down, there might be a shift of some capital back to riskier assets, with stocks benefiting the most. Bitcoin and other cryptocurrencies might also capture a small share.
Aster and XPL Coin
Regarding Aster Coin and XPL Coin, significant attention is on its performance amid ongoing negotiations between the U.S. and China, especially with sanctions potentially coming into play on November 1. If Aster Coin maintains closures above $1.16, it could aim for the upward base at $1.33, with further potential targets of $1.56 and $2.07 over time.
Reaching and maintaining above the $2 level will be a significant psychological boost.
For XPL Coin, despite starting with a network worth $2 billion in stablecoins, it has yet to perform as desired. It operates under strong backing, though it requires a market sentiment shift towards an upward trajectory. Closures above $0.39 might be encouraging for investors, and surpassing the $0.567 resistance could lead back to the $1.08 and $1.29 range.
