Bitcoin (BTC) is falling below $60,000, but investors are trying to start a recovery. The direction of a breakout is difficult to predict, so traders can either trade in a range or wait for a breakout. 📉

Former PayPal CEO Peter Thiel believes that Bitcoin does not have much room for growth, while popular trader BitQuant is confident that Bitcoin will rise to $95,000.

Despite Bitcoin's fall, some altcoins held firm. Let's take a look at the top 5 cryptocurrencies that look strong on the charts.

Bitcoin price analysis shows that bulls are defending the $60,000 level but are finding it difficult to push the price above $62,500.

Toncoin price analysis shows that TON is trying to hold above $7.67, but the silver lining is that the bulls are not allowing the price to slide below the 20-day EMA ($7.43).

Avalanche price analysis shows that buyers are trying to push AVAX above $29 to begin a strong recovery.

Kaspa price analysis shows that KAS soared and closed above the $0.19 resistance, completing a cup and handle pattern.

Monero price analysis shows that XMR is trying to bounce off the 20-day EMA ($165), indicating that sentiment is turning bullish and traders are buying on dips.