Market overview 12.4.|Bitcoin stopped at $ 6,800 and the market with it

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Bitcoin stopped at $ 6,800 and the market with it. Exceptionally we see growth in the Altcoin market. Bitcoin Gold stands out of these altcoins because of the approaching halving.

Cryptocurrency market currently has a total market value of $ 195 billion. The decline from high in 2020 is $ 113 billion and bitcoin dominance is 64.4%.

The best growth yesterday was:

Bitcoin Gold (BTG) $9,63 USD (10,66%)

Augur (REP) $9,89 USD (5,90%)

Status (SNT) $0,016281 USD (5,28%)

Stellar (XLM) $0,049381 USD (5,29%)

Bytecoin (BCN) $0,000249 USD (4,97%)

The biggest drop was recorded:

Swipe (SXP) $0,685426 USD (-0,63%)

Quant (QNT) $4,57 USD (-1,57%)

Digitex Futures (DGTX) $0,047789 USD (-1,43%)

World markets yeterday

SP500: 1,45 %. NASDAQ: -0,11 %. GOLD: 0,78%. DOW J.: 1,22 %

[BTC / USD] In 2020 to present value: -3%

We are currently at $ 6,812. As you can see, on Saturday, Bitcoin stopped and the slump subsided. Similarly, the situation has stabilized across the market and even some coins may have excelled. We are currently looking for resistance at $ 7,000 and support at $ 5,800. I think that this battle was won by the bears and they gave the bulls a good blow to the nose. It starts the second round and the bulls will want to make it to $ 7,000 and give the bears the last KO before they reach another $ 7,700 resistance area.

It is therefore necessary to monitor stocks and mainly world indices such as NASDAQ, DOW J. or SP500. In the event of a significant decline, a short break from the BTC should be considered. Beware of bull trap. Good luck.