Crypto Markets Approach Inflection Point as Bitcoin Trades Sideways Near $42,500
• Bitcoin has been range-bound between $41k and $44k, indicating a breakout is possible soon. Analysts increasingly bullish on crypto in 2023-24.
• Ethereum facing resistance near $2,332; risk of deeper correction to $2,200 and $2,049 support levels.
• BNB struggling to clear $260 overhead resistance; support at $240 and $223 key levels to watch.
• XRP witnessing battle between bulls and bears at moving averages; breakdown could sink price to $0.56.
• Top altcoins like SOL, ADA, DOGE face immediate resistance levels though broader trend remains bullish.