The crypto market is undergoing a consolidation period that is likely to result in a volatile move.
Bitcoin price is facing resistance near the $23,000 zone but is showing signs of higher highs.
The next key level for Bitcoin is $24,000, followed by $24,650.
A breach of the 8-day exponential moving average to the downside could indicate a bearish entry.
Ethereum price is also showing similar technicals to Bitcoin, with a consolidation period around the $1600 zone.
Ethereum's current resistance is at $1610, and a breach above this level could lead to a rise to $1700.
If the bears continue to dominate, Ethereum could decline to the 21-day simple moving average at $1480 or the ascending trendline at $1250.
XRP price has had choppy behavior recently, with pullbacks in the low $0.40 zone.
The recent SEC vs. Ripple feud is causing uncertainty in the market.
The overall thesis remains neutral, with potential for a 10% swing in either direction, depending on whether the recent high at $0.428 or the support level at $0.395 is breached.