Market Analysis of June 16, 2020

The marketcap has been moving up (+4.46%) since yesterday. The total capitalization is 268 101 935 095 USD.

Bitcoin totals 174 966 929 519 USD of capitalization for a dominance of 65.30%. Ethereum’s marketcap is 25 857 927 894 USD, followed by Tether with 9 196 145 770 USD.

Market Sentiment

Bitcoin Analysis

The BTC closed higher in a hammershaped form, which is generally bullish and is trading around $9485. The BTC has therefore fallen back below its Weekly and Monthly Open.

The daily technical situation is negative but positive in 4 hours. There is an absence of correlation.

What to do about it?

The BTC tested the 9600$ before going back down to around 9485$. If you have short or if you short pay attention to your stop loss because there is still a lot of bullish sign in the short term.

Ethereum Analysis

ETH closed lower in the hammer form as well, and is trading around $234 as mentioned in the previous analysis.

The daily technical situation is negative but becomes positive in 4 hours.

What to do?

Yesterday I had suggested that you should go short if the $230 zone was hit, but we should remain cautious as there are several bullish signs.


The daily technical situation is negative for ETH and BTC but positive in 4h. 

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.

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.