Cryptocurrency markets are recovering well, but have entered some key levels before the minutes of the Fed meeting are released [Video]
Source: CoinWorld
Time: 2025-09-17 18:17:58
The dollar index (DXY) remains under bearish pressure and could fall to its July low, while the strong bullish trend of the Nasdaq 100 supports the cryptocurrency market. Bitcoin continues to rise, approaching resistance near $117,000, with a possible correction in Wave 4 (4) before further gains. Altcoins lag behind, while Bitcoin (BTC) dominance is undergoing a correctional recovery. The total market value of cryptocurrencies seems to be expected to see a fifth wave of rise, but caution is still needed before the Fed meeting, as BTC’s key failure level is $112,000, while the total market value is $3.85 trillion. The Nasdaq 100 index may continue its rally to 24,700-25,000 points, supporting cryptocurrency gains.