Powell seeks to maintain interest rates, while Trump advocates for cuts. Crypto traders are anxiously watching who will prevail. As BTC experiences one of its anticipated rises, concerns grow about a subsequent decline. What direction do crypto predictions lean towards?
Bitcoin (BTC)
BTC is currently trading at $97,667, capturing daily highs. However, since mid-December, it has faced significant fluctuations that have affected altcoins severely. With the U.S. market opening soon, BTC has been unable to capitalize on the SP500 index’s all-time high zone.
Analyst Jelle remains optimistic, citing the maintenance of the trend line broken in January.
“Bitcoin
$84,521 is still holding above the trend line we broke in January. It has surpassed local lows and retested the 100-day EMA while maintaining the lowest ranges—this is not a bad outlook.”
Daan Crypto Trades emphasizes the significance of reclaiming the $98,000 mark. While the price is only $300 away, further gains may be necessary until concerns over another decline are alleviated.
“BTC has been consolidating in this channel for much of February. Breaking this low timeframe trend at around $98K is crucial and it is currently facing resistance.”
XRP Coin Predictions
The SEC is preparing to allow staking solutions, and the Binance lawsuit has been frozen, indicating potential actions for Ripple $2. The EU Trade Minister suggests a possible agreement on customs tariffs with the U.S. XRP Coin started the day with a 5% increase at $2.74, leading gains among major altcoins.
Ali Chart suggests more potential as he shares an analysis graph.
“XRP is preparing for a breakout from this ascending triangle that could trigger a 26% price movement!”
If successful, XRP could return above the $3 mark. No significant data that could impact crypto is expected until the PCE announcement.