Bitcoin Surges, But Altcoins Struggle To Follow

Over the weekend, Bitcoin tested multiple new highs, standing out with its solo performance. While this move has excited many investors, it hasn’t yet translated into gains for altcoins. The dominance chart clearly indicates that most of the capital is still flowing into Bitcoin, not into alternative tokens.

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For altcoins to shine, Bitcoin dominance must decrease. Until then, the capital allocation across the crypto market is likely to remain uneven.

Key Technical Levels To Watch Closely

Technical analysis suggests that Bitcoin is facing only one significant resistance ahead: $122,721 — the all-time high. A breakout above this level could ignite a broader market rally.

On the downside, the nearest key support zones are at $120,656 and $119,968. As long as Bitcoin stays above these supports, the bullish trend is expected to continue.

Focus Shifts To Bitcoin Dominance

This week, market watchers are not just looking at prices but also tracking Bitcoin dominance closely. A dip in dominance could signal an incoming altcoin rally. Otherwise, Bitcoin may continue to lead the charge alone, leaving altcoins trailing behind.

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The post New Records From Bitcoin, But Altcoins Remain Quiet appeared first on Coin Engineer.

Key Intraday Levels for Bitcoin

The BTC/USD pair has lost 1.49% in the last 24 hours and is currently trading at $95,930. Bitcoin (BTC) continued its decline after losing the $98,331 support level and retesting it. For a potential rebound, BTC needs to reclaim $98,331 as resistance. The key support levels are $94,886 and $92,053.

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Ethereum (ETH): The ETH/USDT pair has dropped 0.36% in the last 24 hours and is currently trading at $2,682. The resistance levels for Ethereum (ETH) are $2,724, followed by $2,877. Key support levels are at $2,532 and $2,366.

PancakeSwap (CAKE): The CAKE/USDT pair has gained 9.36% in the last 24 hours and is now trading at $2.717. Resistance levels for PancakeSwap (CAKE) are at $2.859, followed by $3.129. Support zones are $2.678, with deeper support at $2.451 if the decline extends.

The Graph (GRT): The GRT/USDT pair has risen 3.77% in the last 24 hours and is currently trading at $0.1429. Resistance levels for The Graph (GRT) are $0.1471, followed by $0.1501. Support zones are $0.1367, with deeper support at $0.1258 if the downtrend continues.

Ronin (RON): The RON/USDT pair has increased 3.66% in the last 24 hours and is trading at $1.295. Resistance levels for Ronin (RON) are at $1.316, followed by $1.394. Key support zones are $1.240, with deeper support at $1.189 in case of further declines.

Trending Coins

The most trending coins in the crypto market over the last 24 hours include Story (IP), Official Trump (TRUMP), and Ondo (ONDO). The top gainers are Story (IP), BTSE Token (BTSE), and Siacoin (SC), while the biggest losers are Plume (PLUME), Ket (KET), and ai16z (AI16Z).

Bitcoin Liquidation Map

Looking at the 12-hour Bitcoin liquidation map, the most notable liquidation on the upside is at $97,062, with $29.38 million in liquidations. On the downside, there is a major liquidation level at $95,374, with $24.08 million in liquidations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest on Bitcoin and Cryptocurrencies: 18 February appeared first on Coin Engineer.