Market Analysis of March 20, 2020

The marketcap has been moving up (+23%) since yesterday. The total capitalization is 190 720 881 178 USD.

Bitcoin totals 124 391 832 606 USD of capitalization for a dominance of 65.10%. Ethereum’s marketcap is 16 517 073 657 USD, followed by Ripple with 7 569 781 799 USD.

Bitcoin Analysis

The BTC closed higher and is trading around $6800.

The daily technical situation is similar to ETH, rather positive and stays positive in 4 hours.

What to do about it?

If the BTC continues to rise we can hope for a test of 7200 or even 7500. Place well your new supports and resistances.

  • The supports of the day are at 6000$ — 5650$
  • The resistances of the day are at 7500$ — 7900$

Ethereum Analysis

ETH closed higher, trading around $149.

The daily technical situation is rather positive, the MACD is poised to cross higher, but is quite positive over a 4 hour time horizon.

What can we do?

We need to review the supports and resistances. The situation remains positive, but we need to exceed 153 to remain bullish.

  • The supports of the day are at 136$ — 123$
  • The resistances of the day are at 153$ — 175$

Conclusion

The daily technical situation is positive for ETH and BTC

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.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
%d bloggers like this: