Top 5 Crypto Performers: ATOM, LTC, BSV, BNB, XRP

Bitcoin's trading volume on Coinbase recently hit its highest level since Feb. 4 of last year, which shows that the price is rising higher backed by strong demand.

The current rally is likely to face a number of bumps en route to new highs and will test the patience of the bulls.

We suggest traders wait for dips to buy instead of chasing the price higher.

Consolidation near the highs is a positive sign: it is usually followed by a breakout and continuation of the upward move.

The upcoming halvening is acting as a bullish factor that has kept the price close to its recent highs.

The litecoin hashrate has also been making new highs consistently, which is a positive sign.

Can the price continue higher or has it hit a hurdle?

The BNB/USD pair has been making a series of new highs after breaking out of the previous high of $26.4732350 in mid-May, which confirms that the pair is in a new uptrend.

The trend will turn negative only after the higher highs and higher lows sequence is violated.

Conversely, a breakdown of the flag will be a negative sign, as it shows a lack of demand at higher levels.