Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

06/16/21 [Market overview + BTC] A key week of growth awaits us ?!

1 min read
06/16/21 [Market overview + BTC] A key week of growth awaits us ?!
Source: pixabay.com

BTC hits values ​​above $ 40,000 on Tuesday. We see that BTC must break the resistance in order to be able to continue to 50,000 and then continue to break to 55,000.

The total volume of cryptocurrencies over the last 24 hours is $ 106.30 billion, a decrease of 18.08%. The total volume in DeFi is currently $ 7.53 billion, which is 7.09% of the total 24-hour volume of the cryptocurrency market. The volume of all stable coins is now $ 83.76 billion.

The dominance of bitcoins is currently 43.55%, an increase of 1.14% per day.

The best growth from the top 100 capitalization yesterday was recorded by:

06/16/21 [Market overview + BTC] A key week of growth awaits us ?!

The biggest drop yesterday from the top 100 capitalization was recorded by:

06/16/21 [Market overview + BTC] A key week of growth awaits us ?!

BTC / USD Technical Analysis

BTC hits $ 40,500 on Tuesday. So far, it looks promising to break the resistance, but I would not overtake. We see that BTC must break the $ 41,500 resistance line in order to attack $ 55,000 and then continue to break to $ 64,000. If we grow like this, the side channel will be broken. The start of the week will be extremely important. However, if investors see a sign of a bear market, they will consider on the spot a decline (possible profit on shorts) by falling to 31,000 and the support line bearish channel to 30,000 USD.

06/16/21 [Market overview + BTC] A key week of growth awaits us ?!

ATTENTION: No data in the article is an investment board. Before you invest, do your own research and analysis, you always trade only at your own risk. Cryptheory team strongly recommends individual risk considerations!

Binance Futures Guide – Long, Short with up to 125x levearge! Bonus for Cryptheory readers!

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

Your email address will not be published. Required fields are marked *