Demand and supply determine the price of an asset. Over the past few months, the increase in institutional demand for Bitcoin (BTC) has led to a strong bull run. This upward trend may continue until demand exceeds supply.

Data on the chain this week show two withdrawals of more than 12,000 Bitcoin from Coinbase Pro, which is just less than the 28,000 Bitcoin mined in November. This suggests that the demand from institutional investors remains intact, even after the recent rally of Bitcoin because they are strong in the long run.

Meanwhile, Mexico’s second richest man, Ricardo Salinas Pliego, said in an interview with Cointelegraph that Bitcoin was his ‘best investment ever’. Salinas has about 10% of his liquid portfolio in Bitcoin and he is not in a hurry to sell because he wants to ‘sit for another five or ten years’.

Crypto-market data daily view. Source: Coin360

The strong demand and HODLing by institutional investors has raised Bitcoin’s market capitalization to above $ 500 billion for the first time. It also increased Bitcoin’s market dominance to above 70.5%, indicating that the inflow of money was largely in Bitcoin.

At some point, however, fresh money will no longer flow into Bitcoin, which could lead to a correction or consolidation. Traders can then focus their attention on choosing altcoins, which can gain momentum.

Let’s take a look at the charts of top five cryptocurrencies that may rise in the next few days.


The Bitcoin price broke above the resistance of $ 24,302.50 on December 25 and resumed the rising trend. This breakout has a target target of $ 28,664.04 and the price reached a high of $ 28,419.94 today.

BTC / USDT daily chart. Source: TradingView

The steady rise of the BTC / USD pair sucked in traders waiting on the sidelines for a dive to enter. Institutional investors, momentum traders and speculators also joined the party that kept the uptrend intact.

However, the current rate of increase is not sustainable. The long fuse on today’s chandelier indicates profit discussion at higher levels. Even if the uptrend continues, the pair may resell near the $ 30,000 price point.

If the upward trend stops, the short-term traders may rush to the exit and this may pull the price back to the exponential moving average of 20 days ($ 22,613). If this support holds true, the pair could try again to resume the rising trend.

On the other hand, a break below the 20-day EMA could drag the price to $ 20,000 after critical support. Therefore, traders can avoid chasing higher prices.

BTC / USDT 4-Hour Chart. Source: TradingView

The 4-hour chart shows the formation of a Doji chandelier pattern, indicating indecision among the bulls and bears. Although the uncertainty came down to the downside, the long tail on the chandelier points to lower levels. This suggests that traders buy on every small dive.

However, if the bulls do not drive the price above $ 28,419.94, sales could continue, which could push the price down to $ 20,446 after the 20 EMA. The overbought levels of the relative strength index also indicate a possible correction.

A break below the 20-EMA and support at $ 24,302.50 indicates that momentum has weakened.


In a strong upward trend, traders are usually buying the declines after the 20-day EMA ($ 105), and this is what happened on December 23rd. above the upper resistance zone of $ 118.64 to $ 124.12.

LTC / USDT daily chart. Source: TradingView

The immediate target is $ 145, but if the bulls do not allow the price to fall below $ 124,1278, the rally could reach $ 180. The rising moving averages and the RSI in the overbought zone indicate that bulls are in control.

This positive view will become invalid if the LTC / USD pair turns from the current levels or overall resistance and falls below the 20 day EMA. Such a move would indicate that traders are not buying the declines.

4-hour LTC / USDT chart. Source: TradingView

The 4-hour chart is also in a rising trend with both moving averages moving obliquely and the RSI in positive territory. However, the momentum weakened as bulls faced resistance at $ 136.

If the bulls do not allow the price to stay below the 20-EMA, the pair could be at $ 145. But if the price of current levels falls and falls below $ 118.6497 and the 50-simple moving average breaks, it would suggest the beginning of a deeper correction.


Bitcoin Cash (BCH) has repeatedly tried to exceed the $ 353 resistance over the past few times. Although the bulls pushed the price above $ 353 on two occasions, as indicated by ellipses on the chart, they could not maintain the higher levels.

BCH / USD daily chart. Source: TradingView

This indicates that traders are selling aggressively with any increase of more than $ 353. The positive thing, however, is that the bulls have accumulated with declines below $ 280 and are currently trying to push the price above $ 353.

If they succeed, the BCH / USD pair could start its journey to $ 500. This may not be a straight line to the goal, as the Bears will once again try to stop the rally at $ 409 and $ 430. But if both of these levels are scaled, the pair could gain momentum.

The rising moving averages and RSI above 61 indicate that bulls have the upper hand.

BCH / USD 4-Hour Chart. Source: TradingView

The 4-hour chart shows that the pair is currently trading between $ 255 and $ 370 within a large range. The bulls are currently trying to increase the price above the resistance from $ 353 to $ 370.

If they succeed, the pair could start an upward trend with a target of $ 485. The moving averages have completed a bullish crossover and the RSI is in the positive area, indicating that bulls have the upper hand.

However, if the price drops again from the current level or $ 370, the pair could extend their stay within the range for a few more days.


The long fuse on December 23 candlestick shows that traders booked profits after Monero (XMR) achieved $ 167, the goal of the breakthrough of the inverted head and shoulder pattern.

XMR / USDT daily chart. Source: TradingView

The positive thing, however, was that on December 24, the bulls bought the dip to the 20-day EMA ($ 151). The rising moving averages and the RSI in the positive zone indicate that sentiment remains positive.

The long tail on today’s chandelier shows that bulls are buying on dips. If they can push the price above $ 170 and sustain it, the XMR / USD pair could hit the next target at $ 197, just below the psychological resistance at $ 200.

This positive view will become invalid if the price of current levels falls and breaks below the 20-day EMA. Such a move could indicate a deeper correction to $ 135.50.

4 hour XMR / USDT chart. Source: TradingView

The 4-hour chart shows that the pair is trading in a rising channel, but the bulls have not managed to push the price into the top half of the channel. The pair usually turned off from the center of the channel.

This suggests that traders are taking profits at varying levels in the short term. However, if the bulls can push and sustain the price above the center of the channel, the pair may move to the resistance line of the channel, indicating an increase in momentum.

On the other hand, a break below the channel support line may indicate a possible change in the short-term trend.