Bitcoin still remains stuck inside a tightening range, but TON, APE, TWT and AAVE may be ready to rally in the next few days.
The United States equities markets shrugged off the hotter-than-expected labor data on Dec. 2 and recovered sharply from their intraday low. This suggests that market observers believe the Federal Reserve may not change its stance of slowing the pace of rate hikes because of the latest jobs data.
Let’s look at the charts of Bitcoin and select altcoins that may be getting ready to start an up-move in the near term.Bitcoin has been trading near the 20-day exponential moving average for the past three days. This suggests a tough battle between the bulls and the bears to gain supremacy.The major roadblock for the buyers on the upside is $17,622.
On the other hand, if the price turns up and breaks above $17,250, the likelihood of a rally to $17,622 increases. This level may again act as a significant resistance but if bulls drive the price above it, the pair could rally to $18,200.Toncoin nudged above the symmetrical triangle pattern on Nov. 30 but the bulls could not sustain the higher levels as seen from the long wick on the day’s candlestick. However, the bulls defended the 20-day EMA on the downside, indicating buying on dips.
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