Bitcoin (BTC) has damaged again beneath the psychological help at $60,000. Whereas this appears to be destructive within the quick time period, the worth motion has continued to mirror its movement in 2017. If the similarity continues for the rest of the 12 months, Bitcoin bulls could also be in for a celebration.

PlanB, creator of the favored Bitcoin Inventory-to-Move (S2F) mannequin, just lately proclaimed in a tweet that the second leg of Bitcoin’s bull market has begun. If Bitcoin’s value motion continues to observe the S2F mannequin, the analyst believes a rally to $100,000 to $135,000 could also be potential by the tip of the 12 months.

Each day cryptocurrency market efficiency. Supply: Coin360

Though Bitcoin garners the lion’s share of consideration, cryptocurrency trade Okcoin stated in a latest report that institutional buyers’ appetite for non-Bitcoin crypto assets has been rising. The report stated that 53% of the purchases by institutional buyers in September have been in altcoins.

Is the present fall in Bitcoin a shopping for alternative or the beginning of a deeper correction? How are the altcoins anticipated to react? Let’s analyze the charts of the highest 10 cryptocurrencies to seek out out.