The crypto market looks a lot better ahead of the new week compared to previous weeks as we saw some major rallies from the like of DOGE with over 100% return on investment within the space of few days and the price of Bitcoin (BTC) closing the week on a high ahead of its monthly close with high hopes of reclaiming $22,000 and higher if possible. The price of some altcoins has continued to look green in the face of the bear market with many exciting projects coming up and other projects gaining more attention in the crypto space due to the community and partnership deals. Let us discuss on top 5 cryptos you should pay attention to this week.
Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to lose.
Top 5 Cryptos- Bitcoin (BTC) Price Analysis On The Daily Chart
Daily BTC Price Chart Source: BTCUSDT On Tradingview.com
From the chart, the price of BTC bounced off from the region of $19,200 showing so much bullish uptrend as the price of BTC rallied to a region of $20,800 after forming strong support above $20,500. With the weekly close looking more bullish ahead of the monthly close we could see the price of BTC gain more traction in the next few days.
BTC is currently trading at $20,800 at the point of writing this article. The price of BTC has struggled to break above the region of $21,200 acting as strong resistance for the price to trend higher.
A breakout and close above $21,200 and forming support could see the price of BTC rally to a region of $22,000 acting as an area of interest for most sellers. (Supply zone)
Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart
Daily ETH Price Chart
