Bitcoin (BTC) and most altcoins bought off on Dec. Four with large deleveraging seen within the crypto derivatives markets. Information suggests greater than $2.5 billion of crypto liquidations over a 24-hour interval.

Through the current fall, Ether (ETH) has continued to outperform Bitcoin. Whereas Bitcoin’s market dominance has dropped under 41%, Ether has continued to achieve floor and its market dominance has risen above 21%.

Crypto market information each day view. Supply: Coin360

Some analysts imagine that Bitcoin’s current decline might end in a prolonged section of consolidation. Decentrader co-founder filbfilb expects Bitcoin to consolidate well into the first quarter of the subsequent yr. Lex Moskovski, CIO of Moskovski Capital, additionally expects “a slow grind up.”

Might Bitcoin hit a backside inside the subsequent few days? Let’s analyze the charts of the top-5 cryptocurrencies that would lead the markets greater.