Daily Crypto Signals: Bitcoin Steadies Near $96K While XRP Forms Bullish Pattern

The cryptocurrency market shows mixed signals as Bitcoin trades in a tight range around $96,000, while XRP forms a potentially bullish symmetrical triangle pattern.

Crypto Market Updates

Former Trump administration advisor Kevin Hassett meets regularly with Federal Reserve Chairman Jerome Powell to discuss interest rate policies that could impact crypto markets.

The Inter-Exchange Flow Pulse (IFP) measure for Bitcoin shows warning signals of a possible negative phase.

In Argentina, a debate unfolds about impeaching President Javier Milei over his support for a Solana-based token that led to a $107 million loss for investors.

Bitcoin Trading in a Tight Range Under $98,5000

Bitcoin (BTC) price continues to trade in a narrow range, fluctuating between $94,800 and $98,500 as bulls attempt to maintain crucial support at $94,000. Despite the recent downturn from all-time highs, long-term forecasts remain bullish, with analysts like Gert van Lagen anticipating potential prices of $270,000 to $300,000 by 2025. However, as Bitcoin shifts from derivatives to spot markets, the IFP indicator suggests that traders are exhibiting a declining risk appetite.

Bitcoin Price Analysis: BTC Legal Battle Could Determine Future of Crypto Industry

Top Altcoins to Watch Today

Several altcoins are exhibiting promising technical setups:

XRP forms a potentially bullish symmetrical triangle on the daily chart, indicating a breakout to the upside.

Binance Coin faces resistance at $610, with a breakout signaling a potential rally to $700.

Solana trades within a bullish ascending triangle,暗示着价格可能突破至 200 美元。

DOT price shows a bullish pennant formation on the daily chart, indicating a potential breakout to the upside.

MATIC trades within a bullish ascending triangle, suggesting a breakout to the upside could lead to a rally towards $3.