The cryptocurrency markets have actually made a strong comeback in the previous few days. That drove the overall crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap information. Bitcoin (BTC) led the healing from the front and skyrocketed above $21,000 on Jan. 14.

After the sharp rally, the huge concern is whether the recovery is a dead feline bounce that is a selling opportunity, or is it the start of a new uptrend. It is tough to forecast with certainty if a macro bottom has been made however the charts recommend that a bottoming process has actually started.

5 altcoins that could breakout if Bitcoin price stays bullish
Crypto market data everyday view. Source : Coin360 Independent

market expert HornHairs highlighted that the 2017 to 2018 bear market lasted for 364 days and from 2021 to the current market low, the duration is once again 364 days. Another intriguing similarity is that the 2015 to 2017 booming market and the 2018 to 2021 bull stage both lasted for 1,064 days. If history repeats itself, then Bitcoin might make the next top in approximately 1,000 days.Bitcoin’s short term cost action has been amazing for bulls however are there altcoins that are revealing comparable strength in the near term? Let’s study the charts to find out.BTC/ USDT Bitcoin soared to $21,258 on

Jan. 13 which

propelled the relative strength index (RSI)above 89, signaling that the rally was overheated in the short-term. The bears are expected to install a strong defense at $21,500. BTC/USDT daily chart. Source: TradingView Sometimes, when a pattern change takes place, the RSI may stay in the overbought territory for a long time. If the BTC/USDT pair does not

give up much ground from the existing level, it will recommend that traders are in no rush to book revenues as they expect another leg higher.If buyers kick the rate above $21,500, the pair could climb to $22,800. This level might again function as a major roadblock.On the way down, the bears will have to drag the price listed below

the psychological level of $20,000 to make a dent in the bullish momentum. The pair might then slump to the breakout level of$18,388. BTC/USDT 4-hour

5 altcoins that could breakout if Bitcoin price stays bullish
chart. Source: TradingView The 4-hour chart shows that

the bears are protecting the $21,250 level however a favorable sign is that the bulls have actually not permitted the price to relapse below $20,000. Buyers may once again try to clear the overhead difficulty at$21,258 and resume the uptrend.On the contrary, if the price when again refuses from$21,250, it may tempt short-term traders to book revenues. That might sink the pair below the 20-EMA. The bears might try to take advantage of this circumstance and pull the pair to $18,388. LTC/USDT Litecoin(LTC )broke above the overhead resistance at$85 on Jan. 12

, suggesting the start of a brand-new uptrend. There is no significant hurdle till the price reaches$ 107. LTC/USDT daily chart. Source: TradingView On the downside, the bulls will try to increasingly safeguard the zone between$85 and the 20-day EMA($79). If the cost springs back from this zone, the LTC/USDT pair might continue its uptrend and reach$

107. The upsloping moving averages signal benefit to bulls however the RSI above 77 recommends that a minor pullback or combination is likely.If bears want to get the upper hand, they will need to pull the cost below the breakout level of

$75. That could make way for a collapse to $61. LTC/USDT 4-hour chart. Source: TradingView The 4-hour chart reveals the set is in an uptrend

5 altcoins that could breakout if Bitcoin price stays bullish
and the bulls are increasingly safeguarding the 20-EMA

. If buyers drive the rate above $92, the set could get momentum and rally toward the mental level of $100. Conversely, if the price refuses and dives below the 20-EMA, it will suggest that short-term traders may be scheduling earnings. That might pull the rate to the 50-SMA. This is an important level for the bulls to protect due to the fact that a break below it could heighten the threat of a drop to$80 and then$ 75. OKB/USDT While numerous cryptocurrencies are attempting to bottom out, OKB (OKB )has begun a new uptrend.

Normally,

it is an excellent technique to purchase the dips in an uptrend by keeping an appropriate stop loss. OKB/USDT day-to-day chart. Source: TradingView The upsloping moving averages and the RSI in the overbought territory suggest that bulls are in command however a short-term debt consolidation or correction can’t be eliminated. The OKB/USDT pair

might slip to the 20-day EMA($27.64), which is likely to serve as a strong assistance. If the cost rebounds off this level, the set might touch the strong overhead barrier at $34.18. Crossing this level might be an uphill struggle however if the bulls manage to accomplish it, the set might skyrocket to$ 42. If bears want to stall the up-move, they will have to tug the price below the 20-day EMA. If they are successful, the set could drop to the 50-day SMA($24.05 ). OKB/USDT 4-hour chart. Source: TradingView The 4-hour chart shows that the uptrend consulted with strong selling near$33 and the pair might correct to the 20-EMA. If the cost rebounds off this assistance, it will recommend that bulls are buying on every minor dip. That might drive the price to$34.18. Contrarily, if the cost plunges below the 20-EMA, the correction could deepen to the 50-SMA.

If the cost rebounds off this level, the bulls will again attempt to resume the up-move but might face resistance at$31 and once again near $33. Related: Bitcoin fails to encourage that bottom remains in with $12K’ still likely’BIT/ USDT BitDAO(BIT )rallied sharply from$0.26 on Dec. 27 to $0.53 on Jan. 14, indicating a strong bullish momentum. In addition, the shallow pullback on Jan. 15 suggests that traders are not leaving their positions in a rush as they expect the up-move to continue. BIT/USDT daily chart. Source: TradingView If bulls thrust the cost above the overhead resistance at$0.54, the BIT/USDT set

could resume its up-move. The next resistance on the advantage is at $0.68. The bears might present a strong obstacle at this level due to the fact that a break and close above it could open the doors for a possible rally to $0.80. On the drawback, the very first support is at $0.46 and after that the 20-day EMA
5 altcoins that could breakout if Bitcoin price stays bullish
($0.42). A strong bounce off either assistance will suggest that traders are buying on declines. That might result in a retest of $0.54. The bears may take control if they sink the rate listed below the 20-day EMA. BIT/USDT 4-hour chart. Source: TradingView The 4-hour chart reveals that the pair is dealing with resistance near $0.54 but the bulls are most likely to safeguard the drop to the 20-EMA. A strong rebound off this level will recommend that bulls are purchasing on shallow decreases. That could improve the potential customers of a break above$
5 altcoins that could breakout if Bitcoin price stays bullish
0.54. Alternatively, if the cost declines and breaks

below the 20-EMA, a number of short-term traders might reserve profits. That could pull the pair to the 50-SMA. If this level likewise fractures, the pair could topple to$ 0.41. FTM/USDT Fantom (FTM)broke above the drop line on Jan. 9, suggesting a potential trend modification. The breakout was followed by a sharp rally which pressed the RSI into deeply overbought levels. FTM/USDT everyday chart. Source: TradingView Vertical rallies are unsustainable, hence a pullback was to be expected. The FTM/USDT set could dip to the 38.2 %Fibonacci retracement level of $ 0.30 and then to the 50% retracement level of

5 altcoins that could breakout if Bitcoin price stays bullish
$0.28. If the price shows up from this zone, it will suggest a change in sentiment from offering on rallies to purchasing on dips. The bulls will then try to resume the healing and drive the set above $0.36. If they do that, the set could rise to $0.42.

Contrarily, a break and close listed below $0.28 could pull the pair down to the 61.8%retracement level of$0.26. A deeper fall might break the bullish momentum and increase the possibility of a variety formation. FTM/USDT 4-hour chart. Source: TradingView Both moving averages are sloping up and the RSI remains in the positive area, indicating a benefit to buyers. The set could move to the 20-EMA, which is likely to serve as a strong support. If the price rebounds off this level, the bulls will attempt to resume the up-move. On the contrary, if the price breaks listed below the 20-EMA, it will suggest that traders

are aggressively reserving revenues after the current rally. The set might then extend its correction to the 50-SMA. The views, ideas and opinions expressed here are the authors’alone and do not necessarily show or represent the views and viewpoints of Pandoraland. This article does not contain financial investment advice or suggestions. Every investment and trading move includes danger, and readers should conduct their own research study when deciding.