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

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Bitcoin (BTC) is trying to increase its restoration by rising above the psychological mark at $50,000, however a number of fashionable analysts imagine that BTC could remain range-bound for a couple of weeks and even months.

On-chain analytics agency CryptoQuant stated that Bitcoin “whales are still depositing BTC to exchanges.” This merely signifies that whales are setting themselves as much as react at quick discover relying on which path the value elects to take.

Each day cryptocurrency market efficiency. Supply: Coin360

The sharp correction of the previous few days has pulled the Crypto Worry and Greed Index to 16, which signifies a sentiment of “extreme fear.” Some imagine the present fall appears much like the March 2020 crash.

Nevertheless, CoinCorner CEO Danny Scott stated that Bitcoin’s fall was because of the liquidation of positions by gamblers and never due to sentiment. In response to him, the sentiment is “nonetheless very bullish.”

After the newest shakeout, may Bitcoin begin a powerful restoration and lead crypto markets larger? Let’s examine the charts of the highest 10 cryptocurrencies to seek out out.