Can Altcoins rise faster than Bitcoin (BTC) from current positions?
The last day of the week is under the control of the bears as the top 10 coins are in the red zone.
Top coins from CoinMarketCap
BTC / USD
Yesterday morning, buyers managed to renew the weekly high at $ 48,505, whereupon they lost the initiative. Sellers were able to push Bitcoin (BTC) price below the $ 47,745 level and by the end of the day the pair tested the two-hour moving average EMA55.
TradingView’s BTC / USD chart
The sales volumes did not exceed the average level. Last day, buyers easily bought back the 61.8% Fibonacci level, but they do not have enough strength to continue the rebound into the weekly highs. If the purchase volume increases, the $ 49,600 mark can be tested again.
In the event that the bearish onslaught intensifies, it will not be possible to avoid a breakout of the two-hour EMA55 and the price of BTC may drop back to the USD 46,000 support.
Bitcoin is trading at $ 47,504 at press time.
DOT / USD
Polkadot (DOT) is the biggest loser on our list, down 1.69% over the past day.
TradingView’s DOT / USD chart
Analyzing the daily chart, Polkadot (DOT) failed to break the USD 38.07 resistance from the first attempt. However, the altcoin remains bullish until the price is above the crucial $ 30 mark. In this case, the more likely price movement is a sideways trade in the $ 35 to $ 37 range.
DOT is trading at $ 34.07 at press time.
EOS / USD
EOS is the top winner on our list, up 8%.
TradingView’s EOS / USD chart
EOS has bounced off the formed mirror level at $ 5.511, where a brief correction could begin.
The growth is aided by increasing trading volume, which means buyers are intent on getting back into the $ 6 area where the decline began.
EOS is trading at $ 5.44 at press time.