BTC, DOT, LINK, XLM, THETA

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Bitcoin (BTC) has attracted several institutional investors in the past few months, but with a market cap of over $ 700 billion, many more institutions are likely to consider buying Bitcoin. Likewise, Ether (ETH), with a market capitalization of around $ 180 billion, cannot be ignored by investors.

The institutional rollout of the two major cryptocurrencies is likely to attract numerous venture capitalists and early investors to smaller projects that have grown to a decent size but have not yet reached their full potential. While the risk of such investments is high, the returns could be equally attractive.

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Day view of crypto market data. Source: Coin360

There are several projects to choose from for such investors as over 50 digital assets have a market capitalization of over $ 1 billion, giving them unicorn status. This term is used in old markets for companies with a market capitalization of over $ 1 billion.

If big gamers jump into these unicorns, they’re likely to gain big, which will benefit early retail investors who have a head start on institutions. While these gains can take a long time, traders can take advantage of the sharp upward movements in several altcoins in the short term.

Let’s look at the charts of the top 5 cryptocurrencies that can resume their upward trend in the next few days.

BTC / USD

Bitcoin crossed the overhead resistance of $ 38,000 on February 5 and followed with another uptrend on February 6, but the bulls were unable to sustain the higher levels, as evidenced by the long wick on the day’s candlestick.

BTC / USDT daily chart. Source: TradingView

The bulls’ failure to keep the price above $ 40,000 has resulted in profit posting today and the bears are trying to keep and maintain the price below $ 38,000. If successful, the BTC / USD pair could fall to the 20-day exponential moving average ($ 35,386).

If the pair recovers from the 20-day EMA, the bulls will try again to resume the uptrend. A breakout of the overhead resistance zone from $ 40,000 to $ 41,959.63 could signal the start of the next leg of the uptrend to $ 50,000.

On the contrary, if the bears cut the price below the 20-day EMA, the pair could fall to the 50-day simple moving average ($ 32,840). If that support breaks too, the pair may drop to the USD 28,850 support.

BTC / USDT 4-hour chart. Source: TradingView

The 4-hour chart shows that the bulls had pushed the price above the overhead resistance zone from $ 38,000 to $ 40,000, but the pair turned down from $ 40,952.16. This shows that the bears are active at higher levels.

The pair has fallen below the 20 EMA and the relative strength index (RSI) is just above midpoint, suggesting that momentum may weaken. The pair could now drop to the 50 SMA.

If the pair bounces off the 50-SMA, the bulls will make another attempt to resume the uptrend, but if the 50-SMA breaks the correction could deepen to $ 32,000.