Altcoins have gone up, but BTC still has few bullish signals
The crypto market has again surpassed $2 trillion, adding almost 2.7% in the last 24 hours. Bitcoin, meanwhile, has not kept pace with the rise in altcoin prices: BTC strengthened by 1.45% against a 4% rise in ETH, while other leading coins added between 3% and 7%. The purchase of altcoins has intensified after the first cryptocurrency defended the $40K mark. This was like a sign of faith in the sector's short-term prospects, which again allowed enthusiasts to invest in potentially more undervalued coins and projects.
The crypto Fear and Greed Index added 1 point to 22 overnight, but we can see that investors took the recent plunge as a buying opportunity. On the chart, bitcoin rebounded from a psychologically important support level for the second time since September. In addition, the RSI indicator on the daily charts came out of the oversold area, signalling a pause in the bearish momentum.
However, it is too early to say that we are seeing the beginning of a new growth wave. There are several reasons for that. In this wave of decline, the RSI indicator reached lower lows than earlier in December and markedly lower levels in September and July, marking more persistent and prolonged selling than in previous episodes.
Bitcoin's consolidation attempts this week is only a wobble near the bottom. A bullish reversal will be indicated by solid upward momentum in July or September. The mini rebound in December was quickly eaten away by the bears. BTCUSD is consolidating near the lower boundary of the descending channel. To say that we see more than just a bounce within this trend is only possible if it grew above 45k - where the previous local lows and the downside resistance line are concentrated.
If bitcoin fails to develop an uptrend, it will seriously spoil sentiment for cryptocurrency traders, creating a toxic environment in the sector and putting selling back on the agenda, despite the prospects of individual projects.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.2% | 8 | $37 999.52 | 0.28% | 1.60% | $743 176 326 003 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82% | 28 | $2 087.03 | 2.47% | 0.76% | $250 940 118 733 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.000108 | 0% | -0.01% | $89 361 383 812 |  |
|
| 4 |  BNB |
Binance Coin predictions | 82.4% | 26 | $229.00 | 0.60% | -2.63% | $34 738 394 358 |  |
|
| 5 |  XRP |
XRP predictions | 80% | 34 | $0.610895 | 0.45% | -2.05% | $32 920 250 746 |  |
|
| 6 |  SOL |
Solana predictions | 60% | 81 | $60.80 | 1.23% | 6.16% | $25 782 778 428 |  |
|
| 7 |  USDC |
USD Coin predictions | 90.8% | 1 | $1.000068 | 0.01% | 0% | $24 548 544 676 |  |
|
| 8 |  ADA |
Cardano predictions | 74% | 44 | $0.380539 | -0.17% | -3.44% | $13 436 086 955 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 78.4% | 45 | $0.083736 | 2.84% | 8.64% | $11 894 668 878 |  |
|
| 10 |  STETH |
Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  TRX |
TRON predictions | 87.2% | 21 | $0.103684 | -0.04% | 1.38% | $9 179 973 425 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 87.2% | 24 | $0.102241 | -0.94% | 0.07% | $9 052 152 442 |  |
|
| 13 |  TON |
Toncoin predictions | 80% | 28 | $2.43 | -0.65% | -0.25% | $8 323 116 435 |  |
|
| 14 |  LINK |
Chainlink predictions | 69.2% | 55 | $14.57 | 0.24% | 0.77% | $8 110 917 522 |  |
|
| 15 |  AVAX |
Avalanche predictions | 55.2% | 90 | $22.06 | 3.37% | 6.67% | $8 056 357 288 |  |
