The marketcap has been moving up (+1.87%) since yesterday. The total capitalization is 198 860 940 940USD.
Bitcoin totals 133 159 628 903 USD of capitalization for a dominance of 66.9%. Ethereum’s marketcap is 15 982 009 232 USD, followed by Ripple with 9 370 308 526 USD.
The climb encountered having reached 7800$ clearly corresponds to a purchase of whales. Around 10k BTC were purchased quickly. After that, the descent was just as fast.
The Bitcoin finally returned to the bottom of the liquidity range, reaching a low of $7080 and finally bouncing back into a zone of resistance.
If this area manages to be broken, then we could see a more traditional rise towards the 7800$ with a real increase in the price.
However, if this level still cannot be broken, I suggest that you wait for a reaction at the 6900$ – 7000$ level where liquidity could be recovered and start to rise again.
What to do about it?
If the price reaches $7,000 but fails to rebound, it is still possible to review the $6,500 – $6,800 area.
The ETH movement has not been as significant. One thing that remains constant is the $143 level that holds as support for the moment.
From a technical point of view, the indicators are beginning to show signs of reversal in the medium term.
Wait and see if the levels hold.
You can join us on Telegram for a follow-up of the market throughout the day.
For any question, our team will be happy to answer you on our support which is open 7/7 days.
For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.