Market Analysis of February 05, 2020

The marketcap has been moving up (+1.53%) since yesterday. The total capitalization is 260 913 254 509 USD.
Bitcoin totals 168 503 533 272 USD of capitalization for a dominance of 64.30%. Ethereum’s marketcap is 20 953 554 688 USD, followed by Ripple with 12 173 777 666 USD.

Market Sentiment


Bitcoin Analysis

Bitcoin closed lower for the 3rd time in a row and is trading around $9243 below its Weekly Open.
The daily technical situation is negative but shows signs of a bullish recovery in the shorter term.

What to do about it?

A test of the Weekly Open would allow us to give it a role of resistance or not.

  • The supports of the day are at 9050$ — 8600$
  • The resistances of the day are at 9600$ — 10000$

Ethereum Analysis

ETH closed lower like the BTC this time around $191. The supports and resistances remain in place.
The daily technical situation is rather positive but with WaveTrends on the verge of a bearish cross. The technical situation remains however rather positive even over a time horizon of 4 hours.
What can be done?
We have to be patient and wait for a test of a support or resistance to position ourselves.

  • The supports of the day are at 184$ — 179$
  • The resistances of the day are at 193$ — 196$


BTC and ETH have different daily technical situations
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.

Butler Bot

VIP Plans


Subscribe to our newsletter and receive 10 Free Crypto Tutorials over 10 weeks!

Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our privacy policy.