The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been watching the inflation figures closely for early signs of topping out but to no avail.

Wholesale prices rose 0.4% in September, exceeding the Dow Jones' estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. All eyes will now be fixed on the Consumer Price Index data to be released on Oct. 13.

Equity traders can expect volatility to pick up following the release of the numbers but for the crypto traders, it is difficult to predict whether this trigger is sufficient for Bitcoin 

BTC

$16,936

 to break out of the $18,500 to $24,500 range it has been stuck in for the past several days.

What are the critical levels on the upside and downside that could signal the start of a trending move in Bitcoin and altcoins? Let’s study the charts of the top 10 cryptocurrencies to find out.