BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

US stock markets and crypto markets are likely to remain volatile in the near term as traders remain nervous about the scale of the Federal Reserve’s next rate hike on September 20-21. While the majority favor a 75 basis point rate hike, according to the CME FedWatch Tool, some analysts expect the Fed to raise rates by 100 basis points, the first time since the start of the years. 1980.

Many expect Bitcoin (BTC) to continue its slide and fall below the June low going forward. Although everything is possible in the markets, often the markets do not oblige the majority. If the Fed doesn’t surprise the markets, traders who can be cautious and stay away could return immediately, leading to a brief relief rally.

Daily performance of the cryptocurrency market. Source: Coin360

Bear markets provide investors with the opportunity to accumulate over the long term. It is futile to catch the bottom, therefore traders may be on the lookout to start accumulating during periods of extreme pessimism. A strong stomach is necessary to ride out volatility, but those who do are likely to benefit when the next bull run begins.

Could Bitcoin and altcoins be starting a reversal or is a deeper decline possible? Let’s study the charts of the top 10 cryptocurrencies to find out.