Market Analysis of February 06, 2020

The marketcap has been moving up (4.61%) since yesterday. The total capitalization is 272 949 341 474 USD.

Bitcoin totals 175 205 139 615 USD of capitalization for a dominance of 64.2%. Ethereum’s marketcap is 22 836 732 016 USD, followed by Ripple with 12 257 133 962 USD.

Market Sentiment


Bitcoin Analysis

Bitcoin closed higher (+4.91%) by breaking the Weekly Open. It continues to lose its dominance which is now at 64.2%. It evolves around $9636.

The daily technical situation is positive with WaveTrends and MACD just crossed higher. It remains positive over a 4 hour time horizon but not over a 1 hour time horizon.

What to do about it?

The BTC is likely to move in a range, you have to wait for a major resistance break or a return to support to open a buy position.

  • The supports of the day are at 9500$ — 9050$
  • The resistances of the day are at 9800$ — 10400$

Ethereum Analysis

ETH closed higher as well and is trading around $209 on an uptrend.

The daily technical situation is positive and remains positive over a 4-hour time horizon.

What can we do about it?

ETH has already risen well and we must wait for a return to support or resistance if we want to remain cautious before positioning ourselves.

  • The supports of the day are at 200$ — 184$
  • The resistances of the day are at 212$ — 224$


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.

Butler Bot

VIP Plans


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to ensure you get the best experience on our website.