Price analysis 2/10: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, DOGE, BCH

Bitcoin’s (BTC) market capitalization topped $889 billion on Feb. 9, pushing BTC above the value of Tesla and the Russian ruble, according to data from AssetDash.

The current rally is longer limited to Bitcoin as several altcoins have been surging in the past few days. This shows the buying interest is broad-based and today the total crypto market cap surpassed $1.4 trillion.

While the positive news flow and price rise in most cryptocurrencies may give the impression that the bull run will never stop, traders should be careful because every bull phase witnesses periodic corrections.

Daily cryptocurrency market performance. Source: Coin360

Another important thing to note is that every bull phase usually has a different set of leaders. The altcoins that have performed exceedingly well in the current bull run may not lead the next one. Therefore, traders should study their portfolio and close the positions that may not be fundamentally strong but could have risen only due to positive sentiment.

It is difficult to time the top because it is only in hindsight that one can say with conviction that a top has been made. Therefore, traders may consider keeping appropriate stop-losses on their positions to protect their paper profits.

Let’s study the charts of the top-10 cryptocurrencies to determine the strength in the trend and the critical levels to watch out for.