BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK


Bitcoin (Bitcoin) The market value is close to the USD 1 trillion mark, and some altcoins have been rebounding strongly in the past few days. This causes the Crypto Fear and Greed Index to enter the zone of extreme greed, which fluctuates between 79 and 100. Usually, the top will be formed when the index reaches around 95, which indicates that there is more room for operation.

PlanB, the creator of the Bitcoin stock-to-flow model, believes that BTC’s goal is to reach $100,000 by Christmas this year. Ultimately, he believes that the BTC price will be much higher than $100,000 before the end of the current halving cycle in 2024.

Daily cryptocurrency market performance. source: Coin 360

Tuesday marked an important milestone for Bitcoin, as El Salvador has become the world’s first sovereign country to introduce BTC as a legal tender. Although the experiment will have problems, it is likely to be closely monitored by other countries.

Can Bitcoin and altcoins gain momentum and resume their rise, or will the bears once again pull prices below key support levels? Let’s study the charts of the top 10 cryptocurrencies to find out.