Market Analysis of June 24, 2020

The marketcap has been moving down (-0.36%) since yesterday. The total capitalization is 271 781 556 750 USD.

Bitcoin totals 175 505 279 683 USD of capitalization for a dominance of 64.6%. Ethereum’s marketcap is 27 075 270 049 USD, followed by Tether with 9 198 389 874 USD.

Market Sentiment


Bitcoin Analysis

The BTC closed lower and continues its descent today to trade around $9380.We’ve gone below the $9450 resistance level but not below its Weekly.

The daily technical situation is uncertain but with bullish signs.In 4 hours, the situation is negative.

What to do about it?

As long as we are below $9285 we can’t yet consider a return to a bearish trend. The BTC has returned to the middle of the range and is therefore difficult to trade.

  • The supports of the day are at 9250$ — 9400$
  • The resistances of the day are at 9800$ — 10000$

Ethereum Analysis

ETH closed higher in a doji shape indicating the market’s indecision and is now trading lower after trading close to the $250 mark.

The daily technical situation is rather positive with a WaveTrends which has just crossed higher. In 4 hours the situation is also negative.

What to do?

As long as we stay above $238, we can always hope to see the $250 again. Which could be an entry point for shorts.

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


The daily technical situation is still quite uncertain. 

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.