The marketcap has been moving down (-2.09%) since yesterday. The total capitalization is 185 145 325 699 USD.
Bitcoin totals 143 668 513 864 USD of capitalization for a dominance of 66.20%. Ethereum’s marketcap is 18 524 162 795 USD, followed by Ripple with 10 706 970 567 USD.
The weeks follow one another and the price decrease does not stop for the moment. The Bitcoin is clearly in a parabolic pattern that has broken several supports without seeing a bullish force acting.
The BTC is currently close to a very high level. I am not talking about a medium that is a month or two old, but has been around for several years.
The price is currently around $6,700, but if the price has to reach this long-term support, the price could drop further to $6,200. In addition, this level is the very important support for 2018.
What to do about it?
It is possible that we will see a rebound on the current level, in this case, wait for a break of 7400$. If the price continues to fall, wait for the 6200$ level.
- The supports of the day are at 6500$ — 6200$
- The resistances of the day are at 7400$ — 8000$
The situation is the same for ETH, a technical situation at half mast and no sign of improvement so far.
You will have to be patient and try to find the bottom absolutely, we recommend that you be aware of potential signs of reversal before considering the purchase.
- The supports of the day are at 133$ — 120$
- The resistances of the day are at 140$ — 152$
The daily technical situation is negative for ETH and BTC.
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