Bitcoin & Ethereum update ✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Today i am going to discuss about Bitcoin, Ethereum, and altcoins. On January 29th, the committee confirmed they will continue reducing treasury securities holdings, with no positive news on money printing or easing monetary policies, which would bring liquidity into the market. Bitcoin's RSI has been below 70 for the last 10 days. Historically, when RSI breaks above 70, Bitcoin tends to rise, but when it falls below 70, price corrections occur. Currently, Bitcoin is consolidating, and if RSI breaks above 70 again, it could potentially reach $109,000.

Investors are concerned about Ethereum’s performance due to the lack of fresh liquidity. However, as Bitcoin dominance declines, money may flow into Ethereum and altcoins. World Liberty, a Trump-associated organization, continues to buy Ethereum, showing confidence in its long-term potential. Ethereum may test resistance levels around $4,100. If it breaks through, it could enter a price discovery phase, similar to Bitcoin in 2021, leading to potential gains. This could be more likely if the Fed announces positive monetary policy changes around mid-March. In conclusion, Bitcoin and Ethereum could perform well if certain resistance levels are broken, especially after potential liquidity changes. That's it for today. Thanks & have a good day!!