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Bitcoin (BTC) has attracted several institutional investors in recent months, but with the Market capitalization With assets in excess of $ 700 billion, many more institutions are likely to consider buying Bitcoin. Likewise Ether (ETH) with a market capitalization of about $ 180 billion also cannot be ignored by the investors.

The institutional adoption of the two major cryptocurrencies is likely to attract numerous venture capitalists and early investors to smaller projects that have reached a decent size but have not yet reached their full potential. While the risk is high with such investments, the returns can be equally attractive.

Crypto market data daily view. Source: Coin360

For such investors, there are multiple projects to choose from because more than 50 digital assets have a market cap of more than $ 1 billion, which gives them unicorn status, a term used in old markets for companies with a market cap of more than $ 1 billion.

If big players jump into these unicorns, they are likely to recover strongly, which will benefit the early retail investors who are ahead of the institutions. While these gains can last a long time, in the short term traders can take advantage of the strong upward movements in various altcoins.

Let’s take a look at the charts of the top 5 cryptocurrencies that can resume their upward trend in the coming days.


Bitcoin broke above $ 38,000 overhead resistance on Feb. 5 and followed it up with another upward move on Feb. 6, but the bulls failed to sustain the higher levels as seen from the long wick on the candlestick of the day.

BTC / USDT daily chart. Source: TradingView

The failure of the bulls to keep the price above USD 40,000 has made gains today and the bears are trying to hold and maintain the price below USD 38,000. If they succeed in this, the BTC / USD pair could drop to the 20-day exponential moving average ($ 35,386).

If the pair bounces off the 20-day EMA, the bulls will try to resume the uptrend again. A break from the $ 40,000 to $ 41,959.63 overhead resistance zone could be the start of the next leg of the uptrend to $ 50,000.

On the contrary, if the bears drop the price below the 20-day EMA, the pair could drop to the 50-day simple moving average ($ 32,840). If this support also creaks, the pair could drop towards the USD 28,850 support.

BTC / USDT 4-hour chart. Source: TradingView

The 4-hour chart shows that the bulls had pushed the price above USD 38,000 towards the USD 40,000 overhead resistance zone, but the pair fell from USD 40,952.16. This shows that the bears are active at higher levels.

The pair has fallen below the 20-EMA and the Relative Strength Index (RSI) is just above midpoint, suggesting that momentum could weaken. The pair could now drop to the 50-SMA.

If the pair bounces off the 50 SMA, the bulls will make one more attempt to resume the uptrend, but if the 50 SMA crunches, the correction could deepen to $ 32,000.