#ReboundRally The cryptocurrency market witnessed significant volatility today, with some major coins rising while others declined.
According to recent analysis, Bitcoin is expected to witness a price consolidation period between $90,000 and $108,000 in the coming days, with a possible temporary decline to around $86,000 before resuming the upward trend and setting new record highs.
On the other hand, Ethereum is facing challenges in surpassing the resistance level at $3,510. Breaking this level could push the price towards further increases, while remaining below it could lead to a continued downward correction.
As for Polygon (MATIC), it is facing negative pressure after touching the 50-day moving average, which could push it further down if it fails to surpass this resistance.
Overall, the market is characterized by a state of anticipation and caution, as investors monitor key technical levels to determine future trends. It is always advisable to conduct the necessary research and consult experts before making any investment decisions.