Future Uncertainty of Bitcoin and Ethereum: Analyzing Technical Indicators.

-Bitcoin and Ethereum Facing Uncertainty: W

hat are the Technicals Predicting? Benjamin Cowan emphasizes that Bitcoin’s weekly RSI support level of 44 is a critical milestone. If quantitative tightening ends, ETH/BTC could rebound, repeating past scenarios. Our Government Member Transaction Tracker recorded a 169% gain for Pelosi on AI. Learn how to track all 535 congressmen’s stocks today. BTC/USD and ETH/USD will depend on technical indicators and the outcome of Wednesday’s Federal Open Market Committee decision, according to renowned analyst Benjamin Cowan. What Happened: In a podcast published on Tuesday, Cowen pointed out that the weekly relative strength index (RSI) support level for #Bitcoin reached 44 for the third time in the current cycle, following previous touches in September 2023 and September 2024. If #BTC holds this level, it will be consistent with the 2016-2017 bull cycle. However, a break below 44 RSI may indicate that the market is likely to repeat the sideways period of 2019-2020. Cowan noted that while 2016-2017 saw periods of increased risk in February, in the current cycle, risks have remained low in January, February and March, raising concerns about market resilience. What’s Next: In another podcast, Cowen looked at the impact of Federal Reserve policy on cryptocurrency markets, particularly #Ethereum . He commented on the Fed’s upcoming decision, suggesting that continued quantitative tightening has a significant impact on market dynamics, especially for #altcoins . the last time ETH traded around ~$1,800 (2022), Bitcoin was worth in the neighborhood of $20,000-$BTC ow Bitcoin has almost quadrupled in value, but ETH has remained flat, showing that altcoins are lagging behind BTC.

Inflationary concerns could delay a Fed reversal, making a quick market recovery questionable.

Read us at: Compass Investments #transscreen.ru