Bitcoin

Bitcoin (BTC) is on the rise, thanks to the latest FOMC minutes report. The report revealed that most participants believe that there will be further increases in the target federal funds rate in 2023. This news has pushed BTC/USD to reach an intraday peak of $31,460.05, the highest it has been since June. However, bulls are aiming for an even higher point at $32,000 and will need to break through the resistance at $31,500 to achieve this. Currently, the price is at $30,750.56.

Main Key Points:

Bitcoin is climbing higher due to the FOMC minutes report
Most participants expect further increases in the target federal funds rate in 2023
BTC/USD reached an intraday peak of $31,460.05
Bulls are targeting a higher point at $32,000
Price is currently at $30,750.56

Ethereum

Ethereum (ETH) saw a brief rise in today’s session, but has since slipped as market momentum shifted. After reaching a high of $1,956.01, ETH/USD dropped to a bottom of $1,909.66. This decline occurred as traders failed to break through the key resistance level at $1,960. The relative strength index (RSI) also struggled to surpass the 61.00 level earlier in the week and is currently tracking at 55.43. If it continues to drop and reaches the 53.00 mark, there is a good chance that ETH will be trading below $1,890.

Main Key Points:

Ethereum briefly rose but then slipped due to market momentum shift
Traders failed to break the resistance level at $1,960
The RSI is currently at 55.43
If RSI drops to 53.00, ETH may trade below $1,890
Price is currently at $1,909.66

Hot Take:

The latest FOMC minutes report has had a positive impact on Bitcoin, pushing its price to new highs. However, Ethereum has faced some setbacks as market momentum shifted. Both cryptocurrencies have their challenges to overcome, but the overall trend is still positive. Keep a close eye on the resistance levels and RSI indicators to make informed investment decisions.