Market Analysis of February 16th

The marketcap has been Moving up (9.74%) since yesterday. The total capitalization is 1 503 997 295 540 USD.

Bitcoin totals 913 091 182 176 USD of capitalization for a dominance of 60.9%. Ethereum’s marketcap is 205 972 487 159 USD, followed by Tether with 32 248 044 176 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $49000.

The daily technical situation is rather neutral and remains rather neutral in 4 hours.

What to do about it?

 The best thing to do is to wait for a better entry point. On retracement, most likely around $40000

  • The supports of the day are at 40000$ — 45000$
  • The resistance of the day is at 50000$

Risk-free no credit card required
Start today with a free 7-day
trial!

Ethereum Analysis

This is the same story for ETH, trading around $1790 at the time of writting these lines.

The daily technical situation is rather negative and remains negative in 4 hours.

What to do about it?

 

The best thing to do is to wait for a better entry point.

  • The supports of the day are at 1650$ — 1700$
  • The resistance of the day is at 1800$

Conclusion

We have to wait for a better entry point 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 pricing page.

Risk-free no credit card required
Start today with a free 7-day
trial!

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.