Following the SEC’s decision to delay issuing a decision on spot Bitcoin ETF applications, Bitcoin and most altcoins have given back their recent gains. Bloomberg ETF analysts remain optimistic about the possibility of ETFs being approved in 2023. September has historically favored bears, so the near-term outlook for bulls is challenging. Major altcoins like Ether, BNB, XRP, Cardano, Dogecoin, Solana, Toncoin, Polkadot, and Polygon are all experiencing downward pressure. Key support and resistance levels are outlined for each cryptocurrency.
Summary:
– Bitcoin and altcoins have given back recent gains after the SEC delayed its decision on spot Bitcoin ETF applications.
– Bloomberg ETF analysts are optimistic about ETF approval in 2023.
– September historically favors bears, making it challenging for bulls in the near term.
– Major altcoins like Ether, BNB, XRP, Cardano, Dogecoin, Solana, Toncoin, Polkadot, and Polygon are facing downward pressure.
– Key support and resistance levels are outlined for each cryptocurrency.
