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

Bitcoin (Bitcoin) And most major altcoins are in a narrow range, with bulls buying near the support level and shorts selling at the resistance level. Usually, after such a narrow range, volatility will expand.

Although some analysts do not rule out Quickly drop to a low of $40,000, Most traders expect Bitcoin to rebound sharply and rise to $60,000.

Goldman Sachs stated in a report to investors that if Bitcoin as a store of value continues to increase its market share in gold and breaks the 50% mark, then it may Rebound to US$100,000 in the next five years.

Daily cryptocurrency market performance. source: Currency 360

On-chain analytics provider Glassnode stated in its report on January 3 that Bitcoin’s Increase in illiquid supply It accounts for more than 76% of the total circulating supply. According to Glassnode researchers, the decline in liquidity supply indicates that price caps are unlikely to occur in the near future.

Will Bitcoin surprise the major altcoins due to its sharp decline? Let’s study the charts of the top 10 cryptocurrencies to find out.