BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA


Bitcoin (Bitcoin) Has fallen below the psychological support level of $60,000.Although this seems to be negative in the short term, the price movement has Continue to reflect its trend in 2017. If this similarity persists for the rest of the year, Bitcoin bulls may join the party.

PlanB, the creator of the popular Bitcoin stock-to-flow (S2F) model, recently announced in a tweet that the second phase of the Bitcoin bull market has begun. If Bitcoin’s price trend continues to follow the S2F model, analysts believe that it may rebound to US$100,000 to US$135,000 by the end of the year.

Daily cryptocurrency market performance. source: Coin 360

Although Bitcoin has received the most attention, the cryptocurrency exchange Okcoin stated in a recent report that institutional investors’ Appetite for non-bitcoin crypto assets It has been growing. The report stated that 53% of the purchases by institutional investors in September were altcoins.

Is Bitcoin’s current decline a buying opportunity or the beginning of a deeper correction? How are altcoins expected to react? Let’s analyze the charts of the top 10 cryptocurrencies to find out.