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Bitcoin (BTC) 
$105,017 price surged today to $102,480, providing breathing room for altcoins. It has been 18 days since the last decline, and BTC is back to where it should be. Many experts predict we may see larger peaks, yet a selling wall around the $102,000 mark remains intact. So, which cryptocurrencies are at buying levels?
Which Cryptocurrencies Should You Buy?
The RSI reflects the current demand for cryptocurrencies. If the markets rise and the RSI increases rapidly, nearing the overbought zone, this could indicate further gains. During such upward trends, altcoins that show positive divergence often climb into the overbought region in short-term periods. This indicator shows current data for over 100 cryptocurrencies, highlighting their appetites.
Among the cryptocurrencies experiencing excessive demand, WLD, RENDER, and BTC stand out. STMX, SUN, and WAXP are also performing strongly. Notably, cryptocurrencies like BNB, AXS, NEO, SXP, and MKR show significant recovery. For instance, WLD Coin increased by 15%, indicating that BTC’s rise has heightened investor appetite for WLD Coin.
Will the Cryptocurrency Surge Continue?
As January 20 approaches, an increase in appetite from the U.S. side is anticipated. The Coinbase Premium Index indicates rising excitement among U.S. traders. The graph below shows small, beautiful candles indicating the end of red days, with the Coinbase Premium turning positive since December 18.
When BTC prices rise, this indicator sends positive signals. Looking back at scenarios when BTC reached $110,000, we can see similar patterns today. If this trend continues, we may observe strong inflows in Spot BTC ETF data shortly, paving the way for further increases.
