Bitcoin (BTC) and most altcoins bought off on Dec. 4 with huge deleveraging seen within the crypto derivatives markets. Knowledge suggests greater than $2.5 billion of crypto liquidations over a 24-hour interval.

Throughout the current fall, Ether (ETH) has continued to outperform Bitcoin. Whereas Bitcoin’s market dominance has dropped under 41%, Ether has continued to realize floor and its market dominance has risen above 21%.

Crypto market knowledge every day view. Supply: Coin360

Some analysts imagine that Bitcoin’s current decline might end in a prolonged part of consolidation. Decentrader co-founder filbfilb expects Bitcoin to consolidate well into the first quarter of the subsequent 12 months. Lex Moskovski, CIO of Moskovski Capital, additionally expects “a slow grind up.”

May Bitcoin hit a backside throughout the subsequent few days? Let’s analyze the charts of the top-5 cryptocurrencies that would lead the markets larger.