Price Analysis 09/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

0
0

The United States’ stock markets and crypto markets are likely to remain volatile in the near term as traders remain nervous about the size of the next rate hike by the Federal Reserve on September 20 and 21. While the majority is in favor of a 75 basis point rate hike, according to the CME FedWatch Tool, some analysts expect the Fed to raise interest rates by 100 basis points for the first time since the early 1980s.

Many expect Bitcoin (BTC) to continue its decline and dip below the June low in the future. While anything is possible in the markets, the markets often don’t oblige the majority. If the Fed doesn’t surprise the markets, traders who may be cautious and on the sidelines can jump right back in, resulting in a brief recovery of relief.

Daily cryptocurrency market performance. Source: Coin360

Bear markets offer investors the opportunity to accumulate over the long term. There is no point in hitting the bottom, which is why traders may look for accumulation during periods of extreme pessimism. A strong stomach is needed to overcome volatility, but those who do will likely benefit when the next bull run begins.

Can Bitcoin and altcoins make a reversal or is a deeper decline possible? Let’s study the charts of the top 10 cryptocurrencies to find out.