Bitcoin, Ethereum Flat, Dogecoin Falls Ahead Of Fed Chair Jerome Powell's Speech: Price Target For King Crypto Could Be $194K-$352K, Says Top Analyst
Portfolio Pulse from Aniket Verma
Leading cryptocurrencies like Bitcoin and Ethereum traded flat ahead of Federal Reserve Chair Jerome Powell's speech, while Dogecoin saw a decline. Bitcoin's recent rally was driven by a central bank rate cut, and analysts predict a long-term bullish target for Bitcoin between $194K and $352K. The market sentiment remains one of 'Greed'.
September 30, 2024 | 1:58 am
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NEGATIVE IMPACT
Dogecoin fell by 3.30% ahead of Fed Chair Powell's speech, reflecting broader market caution and potential volatility.
Dogecoin's decline suggests a negative short-term impact, likely due to market caution ahead of the Fed Chair's speech. The broader market sentiment of 'Greed' may not favor Dogecoin in the immediate term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Bitcoin traded flat ahead of Fed Chair Powell's speech, with analysts predicting a long-term bullish target between $194K and $352K. Recent gains were fueled by a central bank rate cut.
Bitcoin's price remained stable ahead of a significant speech by the Fed Chair, which could influence future monetary policy. Analysts' bullish long-term targets suggest potential for future growth, but current market sentiment and recent gains from rate cuts indicate a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Ethereum experienced choppy trading in the $2,600 region ahead of Fed Chair Powell's speech. The market sentiment remains 'Greed', indicating potential volatility.
Ethereum's price action was unstable, reflecting broader market uncertainty ahead of the Fed Chair's speech. The 'Greed' sentiment suggests potential for volatility, but no immediate directional impact is clear.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60