Top-5 Crypto Performers: BNB, BTC, XMR, LEO, DASH

The uptrend will resume if bulls sustain the price above the uptrend line.

Traders can buy above $32 and keep an initial stop loss of $24.BTC/USDBitcoin's dominance reached 69.92% on Aug. 10, which shows that traders are preferring the leading cryptocurrency over altcoins.

The trend remains up and every dip should be viewed as a buying opportunity until the price remains above the 20-week EMA.If the price rises and sustains above the downtrend line within the next couple of weeks, we anticipate a rally to the recent highs of $13,973.

If the price bounces off the 20-week EMA, we anticipate bulls to again attempt to propel the price above $98.2939.

Currently, the price has bounced off the support at $1.20 and is attempting to rise above the 20-day EMA. If successful, it can move up to $1.40.

Once bulls scale above the 50-day SMA, a rally to $1.80 and above it to $2 is possible.

Conversely, if the price fails to scale above $1.40, the range bound action between $1.20 and $1.40 will continue for a few more days.

Unless the price quickly rises above the moving averages, we expect bears to attempt a breakdown of $95.4264.

Conversely, if the bulls succeed in propelling the pair above both moving averages, we expect a rally to $160 and above it to $188.5598.

We suggest traders wait for the price to rise above both moving averages before initiating long positions.