Long-term investors use dips in a strong uptrend to buy while short-term investors are fixated on calling a top. In the past few days, data from Glassnode has shown significantly sized Bitcoin 

BTC

$22,731

 outflows from Coinbase exchange, which is a sign of accumulation according to analysts.

It is encouraging to note that the demand is not limited to one exchange and data from Material Indicators shows buy orders of $100,000 and higher are reaching an all-time high.

This shows that the influx of institutional investors and large corporations entering the crypto sector continues to accelerate. Proof of this comes as American Residential Warranty became the latest company to buy Bitcoin in order to maximize the returns on its investment portfolio.

Another positive sign is the relative movement of the U.S. dollar and Bitcoin. Usually, these assets are inversely correlated, meaning when the U.S. dollar rises, Bitcoin comes under pressure and vice versa.

However, in the past few days, the rise in the U.S. dollar currency index (DXY) has not been able to stall Bitcoin’s bullish momentum. When a negative event fails to put brakes on the rally, it is a sign of strong demand.

Let’s study the charts of the top-10 cryptocurrencies to determine the possible target objectives and the critical levels on the upside.