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Cryptocurrency prices continued their bullish trend on Monday as sentiment in the industry improved. Bitcoin soared to $66,000 for the first time since 2021, raising the possibility that it will cross its all-time high of $69,000 soon. Similarly, Polkadot (DOT) and Bonk prices continued their surge as the Bitcoin Dogs token sale gained steam.

Polkadot price was one of the top performers on Monday as it continued its bullish rebound. The token rose for four straight days and reached its highest point in over two years. It has jumped from last year’s low of $3.56.

There was no reason why the Polkadot price rose. As such, the jump is mostly because of the overall bullish trend in the crypto industry. Most coins have jumped sharply in the past few months. 

Turning to the daily chart, we see that the DOT price has crossed the important resistance point at $9.58, its highest swing in December. By moving above that level, the coin invalidated the double-top pattern that has been forming.

The coin has formed a cup and handle pattern, which is a popular bullish sign. It has remained above the 50-day and 25-day moving averages.

Therefore, the outlook for the DOT price is extremely bullish, with the next target to watch being at $15. This means that it could jump by as much as 50%. This view will be confirmed if Bitcoin moves above $69,000 and continues with its recovery.

DOT chart by TradingView

Bonk was the other top-performing cryptocurrency on Monday as it jumped to its highest point on record. It rose by over 50%, its biggest single-day gain in months. The token has now moved above the crucial resistance level at $0.0000349, its previous all-time high. 

This means that it has outperformed all traditional assets like the Nasdaq 100 and S&P 500 since it has risen by over 27,000% from its lowest point in 2023. The token has jumped above all moving averages and the important resistance point at $0.0000179, its highest point on January 10th. 

Oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have all moved to the extreme overbought level. Therefore, the outlook for the token is still bullish as the momentum continues.

Meanwhile, Bitcoin Dogs, a new blockchain project is thriving, becoming one of the best-performing token sales of the year. The developers have now raised over $6.9 million and it will likely cross the $7 million mark on Monday.

Bitcoin Dogs is the first Initial Coin Offering (ICO) on Bitcoin’s ecosystem. It aims to become a major player in the industry by creating a platform where users can play games and trade 10,000 Bitcoin Ordinals NFTs.

Therefore, with cryptocurrencies being in a bullish trend, there is a possibility that the token will continue scooping millions of dollars as traders focus on the next big thing in the crypto industry. You can buy the $ODOG token here. 

The post Polkadot, Bonk, Bitcoin Dogs prices surge as BTC crosses $66k appeared first on Invezz

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