Bitcoin (Bitcoin)’S dominance dropped from approximately 48% on October 20 to 42.3% on November 7, while the total market value of cryptocurrencies continued to head north. This indicates that the price movement has shifted from Bitcoin to altcoins.

Ki Young Ju, CEO of CryptoQuant, said Bitcoin whales are on sale But this did not lead to a break of the strong support of $60,000. He also pointed out that the continued decline of Bitcoin reserves in various exchanges indicates that buyers have a great appetite.

Daily view of encrypted market data. source: Coin 360

Most market participants are still bullish on Bitcoin and Expected to rebound to 288,000 USD According to a survey conducted by PlanB, by early 2022.

Real Vision founder Raoul Pal also predicted the bullish outlook for cryptocurrencies in an interview on November 3.He said that the current bull market is unlikely to reach its peak in December this year. Extended to between March and June Next year’s. Pal predicts the possible launch of Ethereum 2.0 and the possibility of Ethereum (Ethereum) The green light for listed trading funds in the first half of 2022 will attract institutional investors and trigger a massive rebound.

Against this bullish background, let’s analyze the charts of the top 5 cryptocurrencies that may still receive attention and outperform the broader market in the short term.