BTC has grown by $ 5,000 in a few hours! Which altcoins are lagging behind?
2 min readThe price of BTC managed to climb only in 3 hours up to 15% upwards and managed to contact the $ 40,000 resistance.
The price action shows a sharp short printout that occurred when prices exceeded $ 35,000. She grew that way bull dynamics when prices rose rapidly by 15% in less than three hours from about $ 34,000 to $ 39,800.
And folks, we have our squeeze. https://t.co/Lflcp7MZuw
– Willy Woo (@woonomic) July 26, 2021
By comparison, BTC’s last five days took profit from about $ 30,000 to $ 34,000. At the time of this writing, BTC trades for about $ 39,123.
According to CoinMarketCap is BTC with a profit in the last 24 hours among the 30 best cryptoactive assets when it recorded a profit of almost 13%.
BTC indicators change to bullish
Sudden growth means the return of many technical indicators to bullish signals. Popular analyst Lark Davis informed his 426,000 followers that the price of BTC rises above the 50-day moving average again.
Oooohhhh… .. #BTC just reclaimed the 50 day moving average! Nice! pic.twitter.com/xpS3kiUV16
– Lark Davis (@TheCryptoLark) July 26, 2021
Polkadot and Chainlink are also among the best daily players, each increasing by more than 17% in the last 24 hours.
Influence of Twitter Elona Musk the meme-coin markets are starting to weaken. The CEO of Tesla published a meme claiming that “dogecoin is money” on July 25.
And finally pic.twitter.com/TcgwMSyjAy
– Elon Musk (@elonmusk) July 25, 2021
Despite the fast approaching London upgrade Ethereum next month, Ether it also lags behind many alts and has made a profit of about 10% in the last 24 hours.
ETH and Binance coin recorded the weakest daily gains from the top 10 cryptocurrencies by capitalization.
Disclaimer: This article is for information purposes only and should not be construed as investment advice.
