Bitcoin Nears 2023 High While Broader Markets Face Risks
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Bitcoin price is nearing 2023 high at $31,805 but risks remain like cooling of DXY and weakness in SPX.
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Failure to clear 50-day SMA indicates aggressive selling may continue for SPX, possibly towards support at 4,088.
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BTC broke $30k decisively and aims for $31k next while ETH broke moving averages, indicating bulls' strength.
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Altcoins like BNB, XRP, SOL, ADA, DOGE are also showing bullish signs with key breakouts and moving average crossovers.
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TON is ending corrective phase with a breakout, while bears will look to defend $2.59 level.