Bitcoin (BTC) trudged closer to $7,600 on Jan. 6 subsequently an overnight dip failed to trigger a sustained sell-off.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

BTC range suggests few surprises

Data from Coin360 and Cointelegraph Markets put the largest cryptocurrency back over the $7,500 mark on Monday, with 24-hour highs hitting $7,550.

Previously, BTC/USD had lost support at $7,450 and fallen to lows of $7,330, but support at those levels appeared stronger and allowed markets to bounce upwards. The effect was Bitcoin filling another "gap" in futures markets, this time at $7,385.

At printing fourth dimension, the pair traded at around $seven,530, challenging what Cointelegraph analysts believe will exist a major surface area of resistance.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Equally Keith Wareing noted in his latest assay on Sun, Bitcoin would need to leave $7,600 behind in order to remove the likelihood of returning to lower levels.

"Should the price bounciness dorsum afterwards the CME gap fills, information technology could mean that the lesser is behind us. I'one thousand personally doubtful whether this is the case. Notwithstanding, the key resistance to break would be $7,600," he wrote.

Current performance is all the same towards the upper finish of expectations. Prior to the weekend, young man Cointelegraph correspondent Michaël van de Poppe said that Bitcoin was however rangebound in the $7,000 zone, with $7,800 a bespeak of upside interest.

Avoiding another trip into the $half-dozen,000 range, however, was much more than critical for him.

"Main point of interest; holding range-low at $7,100 as back up," he summarized on Jan. 3.

Zooming out, Wareing'due south idea that 2022 will nonetheless produce a bull market is already popular. Every bit Cointelegraph reported, diverse industry figures have gone on record to country that current behavior volition give fashion to fresh gains. Most recently, it was Antoni Trenchev, CEO of lending platform Nexo, who told Bloomberg BTC/USD could "easily" accomplish $50,000 this year.

Dogecoin leads altcoin resurgence

The start of the week produced a rare spate of profits for altcoin investors, with many major coins outdoing Bitcoin over the past 24 hours.

The best functioning belonged to Dogecoin (DOGE), which jumped 17.8% equally part of a motion that one well-known social media trader suggested could mean the start of a protracted "alt season."

Others also fared well, with Monero (XMR) ascent 8.6% and Dash (DASH) 11.5%. Ether (ETH), the largest altcoin by market cap, rose by a more modest 3% to hit $141.

Ether 7-day price chart

Ether 7-day price nautical chart. Source: Coin360

The overall cryptocurrency market cap was $202.3 billion, with Bitcoin's share at 67.9%.

Go along runway of top crypto markets in real time here