Rising from its ashes, Bitcoin is once again reaching new heights!

Bitcoin (BTC) has always viewed raising below $ 50,000 as a mental health issue. However, during this pullback, the price of a few large altcoins has skyrocketed, indicating that the altcoin season is not over yet.

At the same time, the value of Bitcoin faced a major uptrend for the explosion, and ETHer (ETH) was hit by the upside, breaking the three-month high against BTC and facing the next attack close to any height. little work.

Now the key question is whether this Ether breakout is a signal that Bitcoin is going to break its resistance level in September. Historically, September was a monthly fix meaning that such a breakout would surprise many traders.

Bitcoin has broken through the key protection level of $ 51,000.

BTC / USDT calendar. Source: TradingView

The Bitcoin daily chart shows a collection between US $ 44,000 and US $ 50,000. This integration has had a major impact on altcoins in the market due to some altcoins breaking past historic highs.

Bitcoin's resistance is very clear. If BTC can be offended by this strike, there could be a negative impression akin to breaking above $ 6,000 early in the cycle.

Bearish divergence in shape is only seen when recent highs and lows fall and break. Then the uptrend is officially reversed.

Now the market has recovered after BTC returned from its July low. In other words, the bearish divergence remains to be proven until Bitcoin falls to the bottom of its support range ($ 44,000).

All market costs are reaching new heights.

Daily report on the total market value of cryptocurrencies. Source: TradingView

The overall market value of cryptocurrencies shows additional gains as well as both ups and downs.

The peak of the market failure rate is the strike zone around $ 2.12 trillion. The crossing may result in further increases in height. This model is also able to report Bitcoin's price path as the current chart shows more behavior than BTC / USD.

Ether has crossed the $ 3,400 threshold.

ETH / USD calendar. Source: TradingView

The Ether Daily report shows that there was a major breach of US $ 3,400. This is an indication that the overall market is bullish. The current difference between Bitcoin and Ethereum is that ETH has reached higher levels while Bitcoin is still in its infancy.

Ethereum the main offense in this picture is the previous round of $ 3,400. As long as it can hold support, it seems to continue to the highs of history.

However, a drop below $ 3,400 could lead to a potential drop, setting it at $ 2,600. This correction is also affecting Bitcoin, and there are several key milestones worth paying for in support.

Focus on key Bitcoin levels

4 hour BTC / USD chart. Source: TradingView

The Bitcoin chart shows a slight decline after the recent high of $ 50,300. However, the report also shows strong support of US $ 46,400, which could prevent a fall below US $ 44,000.

This correction could hurt the market and lower overall activity, meaning Ether could drop below $ 3,400.

On the other hand, if Bitcoin is between $ 44,000 and $ 51,000 ($ 46,400 was also at the initial low), the conditions for recovering altcoins would be better.

Before Bitcoin was vertical or had a clear surge wave, altcoins had better short-term BTC. This is what the industry is seeing now.

The value of Bitcoin continues to rise in volume and altcoin appears after ETH passes its critical level.

Bitcoin (BTC) is working hard to break through the $ 50,000 mark, but analysts are still confident due to the chain's strong indicator. Analyst Willy Woo estimates that investors are improving their Bitcoin holdings and the $ 50,000 breakout could earn up to $ 60,000.

Another great voice is Anthony Scaramucci, CEO of SkyBridge Capital. In an interview with Cointelegraph, he told Cointelegraph that Bitcoin's restrictions on supply and demand could increase its value. Scaramucci himself estimates that Bitcoin could reach $ 100,000 before the end of the year.

Daily cryptocurrency market. Source: Room 360

With the current exchange rate against Bitcoin peaking in three months, the focus has shifted to Ethereum (ETH). According to CryptoQuant data, this performance is due to the reduction in Ether holdings in exchange transactions from 1945 million on August 18 to 18.75 million on September 1.

Do altcoins continue to perform well with the integration of Bitcoin, or will they face the same benefits? Let's take a look at the 10 best cryptocurrency images by taking a look at them.

Bitcoin/USD

Bitcoin fell below its 20-day exponential moving average (US $ 47,008) today, but rebounded from its 200-day simple moving average (US $ 46,064). The flattening of the moving average and the relative strength index (RSI) are slightly above average, indicating a balance between supply and demand.

BTC / USDT calendar. Source: TradingView

If the bearish breakout is below the 200-day moving average, the BTC / USDT pair will move to the next support level of $ 43,927.70. If that support level breaks, the next stop could be the $ 42,451.67 breakout level.

These movements indicate a decrease in altitude. After that, it can be assembled for a few days.

This is because if the bulls push the price above the downtrend line, the pair may compete for the upper range of $ 50,000 to $ 50,500. If the price falls below this area, the pair may hold its high limit for a few days.

To signal the resumption of gains, the bulls should push the price higher and hold above $ 50,500 USD. The next bullish target is $ 60,000.

Ethereum / USDT

A few days ago, Ether was trading between the high of US $ 3,335 - US $ 3,377.89 and the breakout of US $ 3,000. Consolidation was updated on August 31 and closed above $ 3,377.89.

ETH / USDT calendar. Source: TradingView

The bull continues to buy today, pushing the price above the high of $ 3,500. This indicates a pickup in earnings and may hit the next goal of $ 4,000.

The rising 20-day EMA ($ 3,212) and RSI in overbought territory indicate that the bulls are in control. If the price falls below its current level, the bulls will try to defend between $ 3,377.89 and $ 3,335.

Cracking and closing below the 20 day moving average will be the first signs that a product has reported a claim. A drop in support levels below $ 3,000 can lead to deeper healing.

ADA/USDT

Three days ago, buyers were against the support level of $ 2.70, but are working hard to push Cardano (ADA) towards the upper resistance of $ 2.97. This indicates that the application has been exhausted to a higher level.

ADA / USDT calendar. Source: TradingView

To signal the resumption of gains, the bulls should push the price higher and hold above $ 3. In this case, the ADA / USDT currency pair may move back towards the next target of $ 3.50.

The 20-day moving average ($ 2.47) rose, but the RSI forms a negative reversal, warning that the rise may weaken.

If the price drops below $ 2.70, the couple can jump to the exit level of $ 2.47. The cracks and closures below show the variability potential of the difference.

BNB/USD

Binance Coin (BNB) rebounded from its 20-day moving average ($ 449) on August 31, indicating sentiment is still bullish and traders are buying bearish. The bulls will now try to push the price to the resistance level of $ 518.90 and resume.

BNB / USDT calendar. Source: TradingView

The 20-day rise EMA and positive RSI zone indicate that the bulls are right handed. A breakout and close above $ 520 USD can push up to $ 600 and then up to $ 680.

If the price drops below US $ 518.90, BNB / USDT will fall into its 20-day moving average and stay between those two levels for the next few days. Breakouts and closings below $ 433 indicate that the growth momentum has slowed. The pair may drop to the 200-day moving average ($ 371).

Ripple / USDT

XRP rebounded from its 20-day moving average ($ 1.11) on August 31, but a long candlestick wick for that day shows that the decline is protecting its bearish trendline. A small plus is that the bulls haven't released too much today and are trying to push the price higher than the strike price.

XRP / USDT calendar. Source: TradingView

If completed, the XRP / USDT pair may move up to $ 1.35 and then start to move towards $ 1.66. The 20-day rising EMA and RSI in the positive zone indicate the path with the lower resistance is up.

Trade, if the price moves away from the slope the pair will move to the 20 day moving average. A break above and close below US $ 1.05 completes the bearish triangle, which begins to fall towards the 200-day moving average (US $ 0.88), which follows the decline to the target level of US $ 0.75.

Dogecoin / USDT

Dogecoin (DOGE) is now marketed in a low-end model. The decline is active against the 20-day moving average ($ 0.28) area and the peak-shaped bearish trendline.

DOGE / USDT calendar. Source: TradingView

The 20-day flat EMA and near-average RSI indicate that supply and demand are in equilibrium. A breakout and close above the downside will indicate better and more attractive bulls.

The DOGE / USDT currency pair can go as high as US $ 0.35. These levels can trigger a rally, but the return can reach $ 0.45 if the bulls push the price above that level.

Alternatively, if the price breaks the edge by falling from its current level, the pair could fall to the key support level of $ 0.21.

Sun / USDT

Solana (SOL) has had success in recent days. The bulls pushed the price to a record high of $ 130.11 on August 31, but the leadership of the candlesticks on that day showed strong demand.

SOL / USDT calendar. Source: TradingView

However, a good sign is that the lower levels are driving more today. Now the bull will try to push the price higher than its high of $ 130.11. If the price can hold above this level, the SOL / USDT pair may move up to $ 150.

Conversely, if the price drops from a higher strike price, it means you are selling at a higher level. The pair can start to adjust to $ 100. A break out of the support line can push the pair to its 20 day moving average ($ 80).

point/USDT

The bulls have successfully defended their 20-day moving average ($ 25.66) over the past few days, indicating they have moved lower. Purchasing power returned on August 31 and the bulls pushed PolkaDOT (DOT) above $ 28.60 to lower.

DOT / USDT calendar. Source: TradingView

This complements the V-shaped structure below, showcasing new abilities. The DOT / USDT currency pair can now retreat to $ 41.40 and then move to the target level of $ 46.83.

Usually when the value crosses the pattern it looks like we are trying the break level again. In this case, a rebound from the breakout level of $ 28.60 indicates that the bulls are eager to buy. This will increase the risk of relapse.

The first sign of a decline will be resistance and the close below the 200 day moving average ($ 27.80). This movement indicates that there is not enough demand for a higher level.

IMPORTANT: Altcoins rebound to new highs after the bullish reversal of the ETH / BTC pair

UNI / USDT

Uniswap (UNI) broke the downtrend on August 31, rejecting the bearish triangle pattern. The bulls will now try to push the price above the defensive high of $ 31.26.

UNI / USDT calendar. Source: TradingView

If available, the UNI / USDT currency pair will expand to its initial target of $ 37.52 and then to $ 42.25.

Based on this assumption, if the price falls below US $ 31.26, the pair may move towards its moving average, indicating that the exchange rate could stay for several days.

A breakout and a close below $ 25 will be the first signs of a decline. This will open the door for further declines to $ 23.45 and then to $ 20.

hli / USDT

LUNA in the Terra protocol is currently in a strong uptrend. The bulls are trying to defend the support level of $ 30.44. The uptrend of the 20-day EMA ($ 27.83) and RSI in positive territory indicates positive gains.

LUNA / USDT calendar. Source: TradingView

If the price returns to its current level, the bulls will again attempt to raise the price above $ 36.89.

If they can do that, the LUNA / USDT pair can reboot. The initial upside target is $ 43, and if that strike breaks, the rebound can be extended to the $ 50 high.

This is because if the short price falls below $ 30.44, the pair will drop to its 20-day moving average. It is an important support for the bulls. Because if it breaks, you can deep fix it up to $ 26 and then start fixing it up to $ 22.40.