TRENDING:

GBP/USD

XAU/USD

Which altcoins have the chance to rise as high as Bitcoin (BTC)?

Denys Serhiichuk U.Today

The last day of the week is neither bullish as some coins are in the green zone while others are in the red.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has increased by 11.55% over the past seven days.

BTC/USD chart by TradingView

Despite today's slight decline, Bitcoin (BTC) is coming back to the area around $61,000. The rise is not accompanied by trading volume, which means that BTC has not accumulated enough power for a breakout.

If bulls can fix above $62,000 within the next few days, there is a high chance of seeing the all-time high next week.

Bitcoin is trading at $61,166 at press time.

ETH/USD

Ethreum (ETH) could not surpass the rise of Bitcoin (BTC) as the growth over the last week has made up 8.93%.

ETH/USD chart by TradingView

Ethereum (ETH) is not as strong as Bitcoin (BTC) as it could not get to the vital mark of $4,000 and fix above it. In order to keep the growth going, bulls need to break the resistance at $4,025, but if they fail, there is a high possibility to see the retest of the support at $3,677, followed by a fast bounceback.

Ethereum is trading at $3,874 at press time.

DOGE/USD

DOGE is the biggest loser today as the drop of the altcoin has constituted 2.23%.

DOGE/USD chart by Trading View

Despite the fall, DOGE seems unlikely to fall after yesterday's test of the liquidity level at $0.2427. The volume is low, which means that the accumulation period will continue. If bulls can keep the rise going and get to the $0.25 mark, the growth may continue to the nearest resistance at $0.2680.

DOGE is trading at $0.2386 at press time.

SHIB/USD

SHIB coin keeps going down, falling by 1.90%.

SHIB/USD chart by TradingView

SHIB remains trading in a wide channel after setting the local peak at 3,528 satoshis. The selling volume is low, which means that there are low chances to see an ongoing drop.

All in all, the more likely price action is continued sideways trading between 2,010 satoshis and 3,528 satoshis.

SHIB is trading at 2,529 satoshis at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

U.Today

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

Markets move fast. We move first.

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

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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.