Market Analysis of July 13, 2020

The marketcap has been moving up (+0.31%) since yesterday. The total capitalization is 274 211 692 540 USD.

Bitcoin totals 170 522 705 346 USD of capitalization for a dominance of 62.2%. Ethereum’s marketcap is 27 078 324 825 USD, followed by Tether with 9 164 274 921 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The BTC closed higher at around $9278, still in range after a fairly quiet weekend as well. Its dominance continues to fall and the volume is still very low.

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

What to do about it?

Well still not much, we still have to be patient and wait for a support or resistance test and observe the reaction.

  • The supports of the day are at 9250$ — 9000$
  • The resistances of the day are at 9450$ — 9800$

Ethereum Analysis

ETH closed higher and is trading around $243 at the upper end of the range.

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

What to do?

ETH is still in a range and the w-e has been quiet. We have to be patient and wait for a better entry point, a $253 test for example.

  • The supports of the day are at 228$ — 217$
  • The resistances of the day are at 253$ — 270$

Conclusion

The daily technical situation is positive for ETH and BTC but they are still trading in a range. 

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


Dashboard

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.