BTC, something, ATOM, XTZ, EGLD

Bitcoin (Bitcoin) Is witnessing a fierce battle between longs and shorts near the 200-day simple moving average, which is regarded by institutional investors as an important level for trying to determine whether assets are bullish or bearish.

At the same time, cryptocurrency investors are also paying attention to the formation of the Bitcoin Golden Cross. If this bullish setup is completed, it indicates that the trend is in favor of the bulls.Currently, investors Stay tuned for selected altcoins have Continue their journey north.

Daily view of encrypted market data. source: Coin 360

In terms of fundamentals, Bitcoin has reached another milestone The miner produced the 700,000th block September 11. When the 600,000th block was reached on October 18, 2019, the transaction price of Bitcoin was close to $8,000.

Reaching this milestone led some Twitter users to quote one of the earliest pioneers of Bitcoin, Halfini:

“Every day passes, Bitcoin has not collapsed due to legal or technical issues, which brings new information to the market. It increases the chances of Bitcoin’s ultimate success and proves that the higher price is reasonable.”

Let’s study the charts of the top 5 cryptocurrencies that may attract traders’ attention in the short term.