After a period of about two days in which the bitcoin (BTC) price fell slightly and the support recovered at $47,000, the market’s largest cryptocurrency looks set to bounce upward. The whole market is following bitcoin in this move with solana (SOL) in particular excelling within the top 10!
Bitcoin (BTC) breaks out
But first bitcoin. It has posted a nice increase of more than 3% since last night after a period in which the price fell. At the time of writing, bitcoin is above the highs of September 16, which makes it seem that the bulls can now deal with this resistance.
good night friends pic.twitter.com/v6dbTmTlbA
— Will Clemente (@WClementeIII) September 18, 2021
Signs to keep an eye out for now is trading volume. The move towards $50,000 could be reinforced as trading volume increases. This price area is still expected to be strong resistance, so caution is advised. At the time of writing, the price of bitcoin is $48,675 on crypto exchange Coinbase, up about 1.5% from 24 hours ago.
Solana (SOL) and avalanche (AVAX) continue to perform well
Looking at the rest of the market, we see red numbers within the top 10 for the time being. Most prices do follow the upward movement of bitcoin, so it is likely that the altcoins will also turn green. Compared to 24 hours ago, Ethereum (ETH) is down 1.1% and is worth $3,509. Cardano (ADA) is down 0.5% and is worth $2.40.
Solana is the only climber within the top 10. SOL is up 7% in the past 24 hours and is now at $156. So it seems that this week’s problems are behind it. Another notable riser is again just outside the top 10. Avalanche (AVAX), which recently started rising strongly due to the announcement of a major investment, is once again well in the plus. AVAX rose 16% to a value of $73.75. This makes it the fastest climber of the top 100.