Market Analysis of March 20, 2020

The marketcap has been moving up (+23%) since yesterday. The total capitalization is 190 720 881 178 USD.

Bitcoin totals 124 391 832 606 USD of capitalization for a dominance of 65.10%. Ethereum’s marketcap is 16 517 073 657 USD, followed by Ripple with 7 569 781 799 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The BTC closed higher and is trading around $6800.

The daily technical situation is similar to ETH, rather positive and stays positive in 4 hours.

What to do about it?

If the BTC continues to rise we can hope for a test of 7200 or even 7500. Place well your new supports and resistances.

  • The supports of the day are at 6000$ — 5650$
  • The resistances of the day are at 7500$ — 7900$

Ethereum Analysis

ETH closed higher, trading around $149.

The daily technical situation is rather positive, the MACD is poised to cross higher, but is quite positive over a 4 hour time horizon.

What can we do?

We need to review the supports and resistances. The situation remains positive, but we need to exceed 153 to remain bullish.

  • The supports of the day are at 136$ — 123$
  • The resistances of the day are at 153$ — 175$

Conclusion

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


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.