|

Which altcoin can show the biggest growth against Bitcoin (BTC)?

The market keeps booming as all of the top 10 coins remain trading in the green zone.

Chart

Top coins by CoinMarketCap

BTC/USD

Yesterday, buyers tried to form a strong bullish momentum to break through the strong resistance at $58,000. The daily maximum was recorded in the area of $​​58,930, but the Bitcoin (BTC) price was unable to gain a foothold above the key resistance and returned to the area of ​​yesterday's low this morning.

BTCUSD

BTC/USD chart by TradingView

The rollback is not over yet and, during the day, it may continue to the area of ​​the two-hour EMA55. If this moving average fails to stop the decline, then most likely today one will not be able to observe the recovery to the psychological level of $60,000.

Thus far, the BTC/USD pair has not left the downtrend channel of the local downtrend. If the level of average prices supports the pair, then by the end of the day, a breakout above $60,000 is possible.

Bitcoin is trading at $58,937 at press time.

ETH/USD

Yesterday, the Ethereum (ETH) price managed to gain a foothold above the level of $4,300 and continue its recovery to the $4,500 area.

ETHUSD

ETH/USD chart by TradingView

The local maximum was set at the level of $4,508 tonight. A good signal to confirm the end of the downtrend can be a retest of the $4,800 level. In case buyers can fix above it, they have the chance to set a new peak and get to the vital mark of $5,000.

Ethereum is trading at $4,715 at press time.

BNB/USD

Binance Coin (BNB) has grown the least from the list. The rate of the native exchange coin has gone up by only 2.38% since yesterday.

BNB

BNB/USD chart by TradingView

Despite the relatively slow rise, Binance Coin (BNB) is approaching the vital resistance at $669.30. The growth is supported by a high trading volume, which means that a breakout may provoke sharp growth.

If that happens and BNB fixes above the green line, the levels of $700 and $800 can be attained soon.

BNB is trading at $632.20 at press time.


Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.