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Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Published 02/28/2021, 04:22 PM
Updated 03/01/2021, 06:20 PM
Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point to critical support levels that may hold based on historical data and evidence.

However, in a bear phase, the price tends to slip below key support levels as traders panic and sell out of fear, similar to how the price exceeds the upside targets during a bull run as traders buy due to FOMO.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
BNB/USDT 4-hour chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView
DOT/USDT 4-hour chart. Source: TradingView
XEM/USDT daily chart. Source: TradingView
XEM/USDT 4-hour chart. Source: TradingView
MIOTA/USDT daily chart. Source: TradingView
MIOTA/USDT 4-hour chart. Source: TradingView

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Restrictions imposed around the world to try and quell the spread of the coronavirus have shuttered vast swathes of the services industry, meaning it has fallen to manufacturers to support economies.
Restrictions imposed around the world to try and quell the spread of the coronavirus have shuttered vast swathes of the services industry, meaning it has fallen to manufacturers to support economies.
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