Market Analysis of April 23, 2020

The marketcap has been moving up (+1.75%) since yesterday. The total capitalization is 205 203 660 806 USD.

Bitcoin totals 130 197 733 887 USD of capitalization for a dominance of 63.50%. Ethereum’s marketcap is 20 104 003 311 USD, followed by Ripple with 8 266 525 732 USD.

Bitcoin Analysis

Bitcoin closed higher, trading around $7076.

The daily technical situation is positive and remains positive in 4 hours.

What to do about it?

The BTC continues to evolve in range. You can therefore trade accordingly with the supports and resistances.

Ethereum Analysis

ETH closed higher as well and is trading around $182.

The daily technical situation is positive and remains positive in 4 hours.

What to do?

If the $185 resistance doesn’t hold, we can hope to test the $193.

Conclusion

The daily technical situation is positive for ETH and BTC.

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