Bitcoin price is above $43,000, as the market’s interest rate cut expectations stabilize following the Fed meeting. After the strong employment data on Friday, the expectation of an interest rate cut in March dropped to 17%. Weeks ago, the market expectation for an early cut in March was over 80%.
AVAX Coin Analysis
As January ended, we saw the price of AVAX Coin fall below $34.29, but bears failed to drive the price to deeper lows. The price rose above the 20-day EMA on February 2, indicating a weak but returning buyer interest in altcoins. At the time of writing, AVAX was outperforming and struggling to hold $36.
If the bulls remain strong, they could target new highs above the channel’s resistance level. For now, $44 and $50 levels seem like reasonable targets. However, if closes occur below $32, the AVAX price could roll towards the channel’s support line.
Dogecoin (DOGE) Price Prediction
DOGE continues to trade below $0.08, but bears have not reached deeper lows here either. As the sentiment in BTC price keeps changing, most altcoins have not yet determined a clear direction. Over the weekend, the continuation of sideways movements is possible due to decreased volumes.
There are three key levels for the meme coin king. If it closes above $0.08, the $0.1 level will be targeted. In the opposite scenario, a drop to $0.07 is expected. These three levels have been bouncing the DOGE price like a ping-pong ball for months.
LINK Coin Commentary
The LINK Coin we have been focusing on for a few days finally made the anticipated upward move and was relaxing from its peak above $18 at the time of writing. Although it gained momentum with closes above $17.32 on February 2, profit-taking is now back in play. If sellers continue, the price could return to the key region at $17.32.
In the event of further decline, $15.38 is an important support level. If LINK Coin can maintain above $17.32, it has the potential to move to $21.79 and from there to peaks around $25. For now, as it remains above $17.9, the outlook is not too negative.
