The marketcap has been moving down (-0.19%) since yesterday. The total capitalization is 198 842 051 319 USD.
Bitcoin totals 132 151 731 990 USD of capitalization for a dominance of 66.5%. Ethereum’s marketcap is 16 245 517 787 USD, followed by Ripple with 9 534 517 787 USD.
Bitcoin Analysis
The price of Bitcoin still fluctuates in the liquidity zone between $7,300 and $7,100.
It is possible that a downward force will push the price below $7100 to look for stop losses placed at the $7000 level but this will allow you to see the price rise later.
From a technical point of view, over a 4-hour horizon, the indicators are in an oversale zone so they could rise in the coming hours.
What to do about it?
For the time being, we have to wait and see if the BTC goes down to 7000$.
- The supports of the day are at 7100$ — 6800$
- The resistances of the day are at 7800$ — 8000$
Ethereum Analysis
This weekend we saw an ETH that evolved between $158 and $147, not really a significant movement. Currently, it is evolving at the $150 level.
After the head and shoulders pattern, ETH made several pullbacks but still has not had a significant rebound. Currently, it is possible to see a double bottom configuration that could push the price up, but the confirmations are not yet present.
From a technical point of view over a 4-hour horizon, the indicators have not yet shown any real sign of a bullish reversal.
- The supports of the day are at 146$ — 140$
- The resistances of the day are at 157$ — 163$
Conclusion
BTC and ETH can be bullish in the mid-term
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