After trading rather horizontally for a few months now, some cryptocurrencies are starting to see more momentum.
Top traders suggest that Bitcoin is showing similar patterns to those from 2017 when it reached its all-time high of nearly $20k.
Investors are keeping a close eye on the price and keep track of its position against core resistance levels, especially in the range between $11,800 and $12,000.
There are indicators showing that the next bull run may be just around the corner and traders are starting to move more FIAT currency into crypto trading platforms, which will be a solid foundation if the uptrend does happen.
As data shows, some wallets are seeing big movements and many also speculate that the altcoins will lead the way – if their price gains momentum, they may trigger a crypto market bull run.
Some alternative cryptocurrencies that top investors keep an eye on include ADA, DOGE, DOT and MDR.
