Bitcoin crowned the upward trend it started on September 29 with a sharp 10% rise during the week. After this rise, Bitcoin, which rose to $ 56,000, is currently trading at $ 54,700.
After the sharp rise, we are watching a Bitcoin exhibiting horizontal movements between $ 55400 and $ 53700. Although Bitcoin dominance rises above 45% during this rise, limiting the rise in altcoins, it is estimated that altcoins will follow Bitcoin in the coming days.
In the short term, 4-hour closes above $55400 will continue the uptrend. In 4-hour closes below $53700, we will follow the $52,800 and $52,000 supports.
Considering that Bitcoin has experienced a 35% rise in 10 days, some pullback at the start of the new week can be considered reasonable. As long as there is no close below $52800 on a daily basis, decreases can be seen as buying opportunities.
When we look at the latest situation in altcoins, we cannot talk about a general uptrend. The altcoin that is aware of or has the appropriate technique makes its move individually. We can see a general volatility in altcoins as Bitcoin starts accumulating above $55400.
According to CoinmarketCap data, the ones that are among the top 100 coins and have increased the most in the last 1 hour are;
According to CoinmarketCap data, the ones that are among the top 100 coins and have increased the most in the last 24 hours are;
*Not Investment Advice.