Bitcoin (BTC) has bounced back from the dip below $ 60,000, indicating strong buying at lower levels. CryptoQuant CEO Ki Young Ju said investors took advantage of market orders to buy $ 840 million worth of Bitcoin futures, down to $ 60,000.

This suggests that analysts are positive for the rest of the year and expect the bull run to continue. Analyst TechDev assumes that Bitcoin’s price action in 2021 will follow the same course as it did in 2017. Should that happen, Bitcoin could prepare for a sharp surge in the remainder of the year.

Daily performance of the cryptocurrency market. Source: Coin360

In a move that could further fuel the adoption of cryptocurrencies, Mastercard is expected to announce that its banking partners and merchants may soon be able to add crypto services to its payment networks. Mastercard has connected to the Bakkt platform to enable its US-based customers to buy, sell and hold cryptocurrencies through custody wallets.

Is the correction in Bitcoin over and could it rise to a new all-time high? If that happens, will the altcoins also continue their upward trend? Let’s check out the top 10 cryptocurrency charts to find out.

BTC / USDT

The long tail of the October 23 and 24 candlesticks suggests that the bulls are trying to defend the psychologically vital support at $ 60,000. Bitcoin has resumed its uptrend and will now attempt to challenge the overhead resistance zone at $ 64,854 to $ 67,000.

BTC / USDT daily chart. Source: TradingView

The rising 20-day Exponential Moving Average (EMA) ($ 58,794) and Relative Strength Index (RSI) in positive territory suggest the bulls are in control. Bullish momentum could continue to pick up if the BTC / USDT pair closes above USD 67,000.

This could open the doors to a possible rally to $ 75,000 and later to the target of $ 85,756.75.

This bullish view will be invalidated if price again deviates from the overhead resistance and falls below the 20-day EMA. This could panic selling by short-term traders and push the price down to the 50-day simple moving average (SMA) ($ 51,160).

ETH / USDT

Ether (ETH) fell below $ 4,027.88 on October 22, but the bears were unable to take advantage of that. The bulls bounced back quickly on October 23, suggesting strong buying on dips.

ETH / USDT daily chart. Source: TradingView

The bulls thwarted another attempt by the bears to push the price below $ 4,027.88 on October 24, according to the long tail of the daily candle. If the bulls hold the price above $ 4,027.88, the ETH / USDT pair could rise to the all-time high of $ 4,375.

A break and close above this resistance could begin the pair’s journey towards the psychologically important level at $ 5,000.

Contrary to this assumption, the bears will seek to pull the pair below the 20-day EMA ($ 3,826) if the price drops from current levels. This is the first sign that bullish momentum may be wearing off. The pair could then fall to the 50-day SMA ($ 3,473).

BNB / USDT

The bulls buy on breaks to the 20-day EMA ($ 461), which suggests sentiment remains positive. Binance Coin (BNB) could now climb to the stiff overhead resistance at $ 518.90.

BNB / USDT daily chart. Source: TradingView

A breakout and a close above $ 518.90 will signal the start of a new upward move. The BNB / USDT pair could then attempt to rebound to the pattern target at USD 554. A break above this level could push the pair to $ 600.

The rising 20-day EMA and the RSI in positive territory indicate that the path of least resistance is on the upside. This bullish view will be voided if price drops from current levels or overhead resistance and falls below the 50-day SMA ($ 423).

ADA / USDT

Cardano (ADA) broke and closed just below the support line of the symmetrical triangle pattern on October 24th. This suggests that the uncertainty of the past few days may dissipate in favor of the bears.

ADA / USDT daily chart. Source: TradingView

If bears pull the price below $ 1.09, the ADA / USDT pair could begin its journey south towards the strong support at $ 1.87. The slightly declining 20-day EMA and the RSI just below the middle suggest that sellers have a slight advantage.

This negative view will be invalidated if the price rises from the current level and breaks above the resistance line of the triangle. This could trap the aggressive bears, which could rally to $ 2.47 and then to the pattern target at $ 2.80.

XRP / USDT

Ripple (XRP) slid below the 20-day EMA ($ 1.09) on October 24, but the long tail of the daily candle suggests that bulls are buying at lower levels. Buyers will now try to push the price above the downtrend line.

XRP / USDT daily chart. Source: TradingView

If they succeed, this indicates a short-term trend reversal. The XRP / USDT pair could then move to $ 1.24 where the bears could build strong resistance again. If the price breaks down from this level, the pair could stay in a range between $ 1.24 and $ 1 for a few days.

A break and close below $ 1 could tip the advantage in favor of the bears, causing a dip into the strong support zone at $ 0.88 to $ 0.85. Conversely, a break and close above $ 1.24 could push the pair to $ 1.41.

SOL / USDT

The long tail on Solanas (SOL) October 24 candlestick shows traders were aggressively buying at lower levels. Sustained buying pushed the price to a new all-time high of $ 218.93 on October 25th.

SOL / USDT daily chart. Source: TradingView

If the bulls hold above $ 216, the SOL / USDT pair could begin its journey towards $ 239.83. The rising 20-day EMA ($ 173) and the RSI in the overbought area show that buyers have the upper hand.

However, if the price drops from current levels, it suggests that the bears are in no mood to give way. The pair could then drop to $ 177.70 and stay between those levels for a few days.

A break and close below $ 171.47 is the first sign of weakness that could drag the pair down to the trendline.

DOT / USDT

Polkadot (DOT) flat correction at $ 46.39 suggests the bulls are not rushing to exit as they expect the upward move to continue. The rising moving averages and RSI above 63 indicate that the bulls are in charge.

DOT / USDT daily chart. Source: TradingView

Buyers will now seek to push the price above $ 46.39 and retest the all-time high at $ 49.78. A breakout and close above this resistance could signal the start of a new uptrend with a target of $ 53.90.

If the price is falling from current levels or from overhead resistance, it indicates that demand is drying up at higher levels. The bears will then attempt to pull the DOT / USDT pair below $ 38.77. If so, the decline could extend to the 50-day SMA ($ 34.65).

Related: Bitcoin is billed at $ 64,000 as Tesla increases ATH Elon Musk to a net worth of $ 250 billion

DOGE / USDT

Dogecoin’s (DOGE) tight range between the downtrend line and the 20-day EMA ($ 0.24) broke up on October 24th. The strong momentum on the day pushed the price above the overhead resistance at $ 0.27, but the bulls are struggling to hold the higher levels. This suggests that bears are defending overhead resistance.

DOGE / USDT daily chart. Source: TradingView

The DOGE / USDT pair could now hit the 20-day EMA. If price rebounds from this support, it suggests that sentiment has turned positive and traders are buying on dips. That increases the likelihood of a breakout above $ 0.28.

In that case, the pair could rise to $ 0.32 and then $ 0.35. Conversely, if bears pull the price below the moving averages, the pair could fall into the strong support zone at $ 0.21 to $ 0.19. A rebound from this zone could keep the pair in the range for a few days.

MOON / USDT

The Terra Protocol’s LUNA token snapped off the overhead resistance at $ 45.01 on October 22nd and bounced off the 20-day EMA (40.03) on October 24th, suggesting the price was between stuck at these two levels.

LUNA / USDT daily chart. Source: TradingView

The gradually rising moving averages and the RSI in positive territory suggest a slight advantage for buyers. If the bulls push and hold the price above $ 45.01, the LUNA / USDT pair could challenge the all-time high of $ 49.54.

A break and a close above this resistance could open the way for another rally to $ 60.57. Alternatively, a break below $ 40 could plunge the pair into the strong support zone at $ 34.86 to $ 32.50. Sales could accelerate if this zone breaks.

UNI / USDT

Uniswap (UNI) continues to trade in a narrow range between the cutout of the inverse H&S pattern and the 20-day EMA ($ 25.68). This suggests that the bears are defending the neckline while the bulls are refusing to give up 20-day EMA support.

UNI / USDT daily chart. Source: TradingView

Tight ranges usually result in a strong trend movement. A break and close over the neckline completes the inverse head and shoulder pattern. The UNI / USDT pair could advance to $ 31.41 initially before heading towards the pattern target at $ 36.98.

The gradually rising 20-day EMA and the RSI just above the median indicate a small advantage for buyers. Contrary to this assumption, a drop to $ 22 is possible if the price falls below the moving averages and holds up.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph. Every investment and trading movement carries risks. You should do your own research when making a decision.

Market data is provided by HitBTC Exchange.

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