BTC, ETH, BNB, DOGE, XRP, ADA, DOT, BCH, LTC, LINK

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The astronomical rally in Ether (ETH) shows no signs of slowing down. The bulls easily passed the overhead hurdle at USD 4,000 today, which also increased the market dominance of the largest altcoin to over 19%.

It is not just Ether that is experiencing sharp buys from traders. Litecoin (LTC) and Cardano (ADA) have also hit new all-time highs, suggesting a broad-based altcoin rally.

However, Bitcoin (BTC) appears to have lost momentum as it continues to struggle near the $ 60,000 mark. For the first time since July 2018, market dominance has fallen below 44%.

Daily market performance in cryptocurrencies. Source: Coin360

Bitcoin’s recent underperformance, however, hasn’t shaken the long-term bulls. Mark Yusko, founder and CEO of Morgan Creek Capital Management, said in a recent interview with CNBC that Bitcoin will compete with the “monetary value” of gold.

“If the monetary value of gold is $ 4 trillion, digital gold should go up to that amount,” added Yusko. That means Bitcoin will have to rise to $ 235,000 in the future to meet Yusko’s forecast.

Let’s analyze the charts of the top 10 cryptocurrencies to identify the critical levels of support and resistance.