DonAlt, one of the prominent figures in the cryptocurrency markets, is issuing warnings about the anticipated extended period of lackluster price movements for Bitcoin (BTC) following the crypto rally earlier this year. The analyst, addressing his 52,800 YouTube subscribers, emphasizes that Bitcoin has yet to make the desired moves, and even the launch of PayPal's dollar-backed stablecoin PYUSD is not a significant indicator. #DonAlt

Expected Market Momentum Yet to Be Captured

DonAlt asserts that the market is not behaving as desired, especially when it comes to Bitcoin. Notably, events such as PayPal's entry into the crypto market and the release of the stable cryptocurrency PYUSD are insufficient to rejuvenate Bitcoin's price. #PYUSD #PayPal

ETF Delay News and Anticipated Uptick in Activity

The crypto strategist highlights the ongoing absence of the anticipated momentum in Bitcoin's price. He notes that even news of ETF (Exchange Traded Fund) delays has limited impact on the price. In a period where intraday price movements are confined to small percentages like 1% or 2%, Bitcoin's current volatility is notably low.

Role of the Federal Reserve and Future Expectations

DonAlt suggests that one factor capable of restoring Bitcoin's volatility and bullish trend could be the Federal Reserve reversing its tight monetary policies. Similarly, he mentions that a response akin to the central bank's moves in 2020, where interest rates were nearly brought to zero in response to the Covid crisis, might be necessary.

Long-Term Expectations

The crypto analyst predicts that Bitcoin's fluctuating conditions could persist for the next six months. He believes the market is currently in a dull state, necessitating a significant force or factor to provide momentum. He indicates that significant movements could occur in the crypto market if governments respond with a Covid-like reaction.

Current Status and Assessment

At the time of writing, Bitcoin is valued at $29,248. This value appears to support DonAlt's analysis of lackluster price movements and the expected resurgence. As uncertainties about the future direction of the crypto market persist, investors and analysts continue to closely monitor market developments. #BTC #bitcoin $BTC

#etf Cardano (#Ada ) has managed to shine brightly amid a market rife with competition. A close examination of its recent chart dynamics provides investors with a comprehensive view of its ongoing ascendancy, marked by a series of positive indicators.Starting off with #cardano 's ascending performance, a striking upward trajectory is evident. The coin has been on a steady climb, moving progressively higher with each successive candlestick. Such consistent bullish behavior often points toward strong investor confidence, and with $ADA , this sentiment appears to be robustly backed.Source; tradingviewCoupled with its rising price, Cardano's trading volume too showcases an escalating pattern. Growing trading volumes, in tandem with bullish price movement, typically indicate that the rally is not just a mere blip but has solid ground beneath it. An increase in volume suggests that a larger number of traders are involved in the action, bringing more liquidity and, potentially, stability to the asset.The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, remains stable for Cardano. A stable RSI in the context of an uptrend signals that the asset is neither overbought nor oversold, hinting at the sustainability of its current performance.A critical point to note in Cardano's journey is its breakthrough of the 200-day Exponential Moving Average (EMA). Crossing this significant indicator often serves as a bullish sign, attracting a slew of new investors keen on riding the trend.However, every rally must have its cooling period. While Cardano's performance is commendable, the surge will most likely witness a halt around its current price level. Such stabilization is essential to prevent the asset from entering overbought territory, ensuring the longevity of its bullish phase.XRP's short-lived rally$XRP  has recently experienced a bullish rally. However, upon closer examination of its price chart, several indicators suggest that this positive momentum might be ephemeral.The most prominent signal is the descending trading volume. Trading volume is an essential metric as it provides insights into the strength and sustainability of a particular price movement. A rising price, accompanied by increasing trading volume, generally suggests strong bullish sentiment. Conversely, a price surge with declining trading volume might hint at a potential reversal, or at the very least, a consolidation phase.In #xrp 's case, despite its upward trajectory in price, the trading volume has been on a consistent downtrend. This divergence between price and volume raises eyebrows. It indicates that fewer traders are backing this bullish rally, which could mean that the rally lacks the necessary momentum to push forward. Once the current buyers exhaust their purchasing power, the absence of new traders to support the uptrend might lead to a pullback.Ethereum fails to break throughEthereum ($ETH ) recently experienced a setback as it attempted to break past a crucial resistance level depicted on its chart. This anticipated upward surge met with disappointment, as the cryptocurrency fell back shortly after reaching this point. However, for seasoned crypto analysts and investors, this is not necessarily a sign of bleak times ahead.Upon closer examination, what we are witnessing with Ethereum might just be a continuation of the "cup and handle" chart pattern. This classic pattern, familiar to many in the trading world, often indicates a bullish trend following the completion of the pattern. The "cup" represents a round bottom, showcasing a consolidation phase, while the "handle" signals a slight downward trend before a potential breakout. In Ethereum's case, the recent dip could be forming the handle of this pattern, hinting at an impending upward move.#PYUSD