Bitcoin 

BTC

$17,443

 dropped from a high of $47,200 on April 5 to a low of $42,107 on April 8, indicating a possible selling by short-term traders who may have preferred to lock in their profits. However, the price action is still stuck in a tight range during the weekend, indicating that supply and demand are in balance.

Although the Crypto Fear & Greed Index is in the fear zone, Bitcoin whales on crypto exchange Bitfinex remained unfazed and continued to purchase BTC.

Interestingly enough, one large investor continued to buy $1 million of Bitcoin every day without attempting to time the market, using the strategy of dollar-cost averaging.

Another whale that utilized the dip to add more Bitcoin to its existing stockpile was Terra. This week, the wallet associated with the Luna Foundation Guard added 4,130 BTC, taking its total holding to 39,897.98 BTC.

Could Bitcoin bounce back sharply due to whale buying? Will select altcoins also turn higher in the short term? Let’s study the charts of the top-five cryptocurrencies that may outperform if the sentiment improves.