Market Analysis of March 23, 2020

The marketcap has been moving down (-7.22%) since yesterday. The total capitalization is 106,381,271,566 USD.

Bitcoin totals 106,381,271,566 USD of capitalization for a dominance of 65.00%. Ethereum’s marketcap is 13 539 781 684 USD, followed by Ripple with 6,578,828,077 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The BTC closed lower and is now trading around $5,820.

However, the daily technical situation is positive but negative over a 4-hour time horizon.

What to do about it?

Well we have to wait for a support or resistance test before going short or long.

  • The supports of the day are at 5650$ — 5000$
  • The resistances of the day are at 6200$ — 6650$

Ethereum Analysis

ETH closed lower, trading around $123.

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

What can we do about it?

ETH is above a support and will be interesting to watch today. Prepare your different scenarios.

  • The supports of the day are at 123$ — 100$
  • The resistances of the day are at 136$ — 153$

Conclusion

The daily technical situation is positive for ETH and BTC but negative on a shorter horizon.

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.