Market overview 19.4.| BTC + ETH

Table of Contents

Bitcoin and Ethereum in massive growth

Welcome to our market overview today.

overview of terms

The market for Saturday showed a pretty nice growth of $ 10 billion and we got high this week. Bitcoin reached the same high, reaching $ 7,250 on Saturday.

Check last Market Overview here

Cryptocurrency market currently has a total market value of USD 208 billion. The decline from high in 2020 is $ 98 billion and bitcoin dominance is falling to 63.6%.

The best growth yesterday was:

DigiByte (DGB) $0,007595 USD (19,28%)

HedgeTrade (HEDG) $1,97 USD (8,71%)

Zcash (ZEC) $41,86 USD (7,92%)

Tezos (XTZ) $2,27 USD (7,32%)

Ethereum (ETH) $182,75 USD (7,00%)

The biggest drop was recorded:

Bytecoin (BCN) $0,000242 USD (-8,84%)

Insolar (XNS) $0,883218 USD (-4,53%)

Digitex Futures (DGTX) $0,044881 USD (-4,00%)

All data is provided from coinmarketcap.com

World markets overview yeterday

SP500: 1,62 %. NASDAQ: -0,01 %. GOLD: -1,64 %. DOW J.: 1,72 %

[BTC / USD] In 2020 to present value: +4,3%

The important thing came on Saturday. We got off $ 7,000 and bulls don’t have to end up at $ 7,250. We see the closest resistance at $ 7,300 and then $ 7,700. We have support at $ 7,000. We also have another support line that creates a bulish channel, which has shifted to 6 790 USD. This week we were mostly below $ 7,000 and with the weekend approaching, it moved above $ 7,000.

[ETH / USD] In 2020 to present value: +42.8%

We are currently at $ 182, and as you can see, our analysis has worked out nicely. We are currently approaching the resistance line channel and it is quite possible that growth will stop. The Ethereum rebounded from the $ 142 level (as predicted), and thus from the support line bullish channel.

Investors will sell in the short term so that they can buy again in the near line support line. Currently the values are already overbought. On Monday they are opening world markets and Bitcoin always responds flexibly to them. If bulls want to attack, they must pull larger fish together to break the canal and get over it. In that case, the real bull market would start at ETH.