Bitcoin as we move towards the end of the week 
$110,860.50 The price started to hold above 110 thousand dollars. We see significant sideways movement in altcoins with large market caps. Although privacy-focused altcoins come to the fore, DaanCrypto pointed out the change here and said that profit selling could make sense, especially for 2 of them. And finally, we will take a look at the level that Martinez pointed out for BTC.
ZEC, DASH and AI16Z (ai16z)
The privacy-focused altcoins category has experienced a huge rise. It is unclear where and when they will peak. DaanCrypto, on the other hand, points out the short-term gains in altcoins such as ZEN and DASH and says that the enthusiasm in this area will soon weaken and we may see a decline. ZEC increased nearly 7x and became the best performing asset in its category.
“ZEC and other privacy coins have experienced an incredible rise recently.
It is unclear exactly when and where this rise will peak, but ZEN and DASH I would like to emphasize that some beta coins such as have shown great performance in the short term. Usually when beta coins start to outperform the leaders, this is a sign to be careful. This means liquidity is spread more thinly, causing the leader to weaken, which could lead to the end of the sector/narrative at some point.
So, if you have invested in any of these, be sure to make some profit in the process.”
If the momentum stops increasing, profit selling begins and accelerates, causing us to see faster-than-expected loss streaks on the charts. Although DaanCrypto cannot foresee the future, there is a possibility that historical data will prove it right.
AI16Z If we look at (ai16z), Altcoin Sherpa pointed out the oddity in the chart. It’s absolutely picture-perfect and has been declining quite steadily. Sherpa wrote that the decline could be stopped at $0.077 and that he would consider it as support.
Bitcoin (BTC)
Ali Martinez current BTC price He still thinks it’s high. BTC It is lingering near $111,000 and forming a new triangle according to the analyst’s chart. Accordingly, Martinez warned that the $107,500 support might be retested before the $115,000 resistance is tested. This situation may bring about deeper bottoms in many altcoins that are already at the bottom.
