Bitcoin (BTC) $99,020.7 price It rose to $102,480 today, providing breathing room for altcoins. It has been 18 days since the last drop and BTC is at the levels it should be again. Many experts say we could see bigger tops, and yet the sell wall around $102,000 remains in place. So which cryptocurrencies are at the buying level?
Which Cryptocurrencies to Buy?
RSI to cryptocurrencies It reflects current demand. If the RSI is rising rapidly as markets rise and is close to the overbought zone, this could indicate further gains. Altcoins that diverge positively in the process climb to the overbought zone in short-term periods during such rising periods. This data reflecting appetite currently looks like the following for more than 100 cryptocurrencies.
When we look at cryptocurrencies that are in extreme demand WLD, RENDER and BTC attracts attention. STMX, SUN and WAXP are also strong. The recovery in cryptocurrencies such as BNB, AXS, NEO, SXP, MKR is also remarkable. If we take the example of WLD Coin, the price increased by 15%, which shows that the BTC rise has increased the appetite of WLD Coin investors.
If BTC experiences a sharp decline WLD Coin It may experience rapid losses, but in the opposite scenario, this momentum will lead to larger peaks. ETH is still lingering among the crowd of cryptocurrencies ready to break out. However, seeing most cryptocurrencies moving further away from the oversold zone on the hourly basis could fuel optimism about the recent BTC rally.
Will Cryptocurrency Rise Continue?
As January 20 approached, the appetite on the US front was expected to increase. Coinbase Premium Index shows us that excitement on the US side is increasing. When you look at the chart below, you will see small, beautiful candles on the far right that indicate the end of the red candles. The Coinbase Bonus, which has been negative since December 18th, is now positive. And this happened today.
On days when the BTC price rises, this indicator gives positive signals. Look at the situation on the day of $110 thousand or today’s example. If this trend continues, in the coming hours Spot BTC ETF We can also see strong entries in the data. And this may pave the way for further rises in the coming hours.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
