Today, the Bitcoin (BTC) price reached $ 102,480, providing relief for altcoins. After 18 days since the last drop, BTC has gained new momentum by returning to important levels. Although experts say higher peaks are possible, selling pressure still continues at $ 102,000. So, which cryptocurrencies look attractive to buy?
The RSI indicator is a tool that reflects market demand and the direction of cryptocurrencies. If the RSI is increasing rapidly and is approaching the overbought region when the market is on the rise, this may indicate the potential for further price increases. During this process, altcoins that show positive divergence may reach the overbought region in the short term. According to current data, WLD, RENDER and BTC are some of the most demanded cryptocurrencies. In addition, STMX, SUN and WAXP are also showing strong performance. Coins such as BNB, AXS, NEO, SXP and MKR are showing signs of recovery.
Market Dynamics and Future Prospects
For example, the 15% price increase of WLD Coin shows that investors' interest in this coin has increased with the rise of BTC. However, if BTC falls sharply, coins like WLD Coin may experience rapid losses. On the contrary, if BTC gains momentum, these coins may reach higher levels. ETH, on the other hand, stands out as one of the cryptocurrencies that is still waiting to rise. The fact that most cryptocurrencies are moving away from the oversold region increases optimism about the rise of BTC.
Demand is expected to increase in the US markets and the Coinbase Premium Index also confirms this increase. Especially on days when the BTC price increases, the positive signal of this index is considered a positive indicator for investors. If this trend continues, strong inflows can be seen in Spot BTC ETF data and this may allow BTC to gain more value.
