cryptocurrencies The new week starts green, albeit with weak increases. There is no new announcement regarding negotiations with China yet. In addition, the US inflation figures will come next Friday and we will see the interest rate decision announced days later. So the intense marathon continues. Let’s take a look at what awaits us in the ASTER, XPL and BTCGOLD charts in this process.
Bitcoin and Gold
BTC It is stalling at $108,900 and it is just below the $110,500 resistance point. Will Clemente shared Bitcoin a few minutes ago 
$106,264.64 Recalling the details pointed out by Cav in his evaluation, he emphasized that bearish psychology is risky.
“I gave BTC another shot on Friday with a smaller amount in the 106s. My thought process is basically this: CT predicts a bear market, skew is at the highest since April, lows have been swept, the books are at the highest bid in a while, and gold has finally taken a breather. Now I want to see the momentum change drastically.”
If he is right, those who buy at prices that are extremely attractive even now could make good profits in a few weeks. We can summarize Cav’s market motivation in a few items as follows:
- It’s the end of several quarters of consolidation.
- We are at the level of extreme fear and the bottom is now complete.
- The BTC curve has risen to multi-year highs.
- BTC price is within a few percent of its 1-year average.
- It’s good to suppress the low on Friday and see a slow and steady rise over the weekend.
- There was fear about the banks the week we hit the bottom, the banks were hit on Thursday-Friday the week we suppressed the low level. So, those were the days when the stock market fed the decline and they are over.
- The seasonally strongest period for BTC/broad risk is ahead.
- Fund managers are underperforming benchmarks and will therefore have to increase risk to higher levels by the end of the year.
Bitcoin DaanCrypto, which deals with Gold and Gold, shared the chart below.
“Gold has experienced a great rise this year. BTC followed a stagnant course. This ratio is well maintained at ~25. It will be good to keep an eye on over the next week(s). We could see some of that capital move back into riskier assets, especially if gold cools for a while. Stocks will be the biggest beneficiaries. Bitcoin and cryptocurrencies will probably also get a small share of the pie.”
Aster and XPL Coin
If what the Netherlands is doing against China is like the US mobilizing its allies, it means that tensions on a global scale will not decrease. However, negotiations between China and the USA are ongoing, and since November 1 will be the day when retaliation will be put into effect, we should definitely see the results of the negotiations in the week of October 20-26. In the Ascension scenario Aster Coin As long as it maintains closes above $1.16, it can target the uptrend bottom at $1.33.
Then, the range of $1.56 and $2.07 will come to the fore. Gaining $2 will be a good gain psychologically.
For a network that started with a $2 billion stablecoin size XPL Coin It has not yet demonstrated the desired performance. It has a lot of power behind it and what it needs is for the overall market sentiment to turn bullish again. Closings above $0.39 are motivating for investors, and when the $0.567 resistance is overcome, it can return to the range of $1.08 and $1.29.
