Crypto market overview 19.8. |Bull trap on Bitcoin. Travel over $ 12,000 is denied!
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Welcome to our crypto market overview 19.8.
On Monday, we saw several attacks on Bitcoin for $ 12,000. Investors made it to the top of the resistance zone to $ 12,400, but were unable to complete their attack. Bitcoin fell below $ 12,000 on Tuesday and is at $ 11,800 today on Wednesday. Is this the way to a bear market?
Yesterday, we reached a marketcap value of $ 367 billion. This week we are recording a low of USD 342 billion and a high of USD 386 billion. At Bitcoin, we have a low at $ 11,150 over the same period. High on Bitcoin at $ 12,400. We are currently worth $ 11,800 for one BTC coin. Bitcoin dominance is declining to 59.4%.
Last crypto market overview here.
Overview of coins from top capitalization yesterday:
Bitcoin (BTC) $11 813,70 USD (-3,65%)
Chainlink (LINK) $15,63 USD (-9,47%)
The best growth yesterday was:
yearn.finance (YFI) $11 115,07 USD (14,11%)
THETA (THETA) $0,427197 USD (9,95%)
Terra (LUNA) $0,582039 USD (5,74%)
The biggest drop was recorded:
Fetch.ai (FET) $0,144819 USD (-20,73%)
Numeraire (NMR) $42,88 USD (-15,71%)
Aragon (ANT) $5,33 USD (-15,45%)
Ocean Protocol (OCEAN) $0,579475 USD (-15,01%)
All data is provided from coinmarketcap.com
World markets overview yeterday:
SP500: 1,3 %. NASDAQ: 1,2%. GOLD: -0,46 %. DOW J.: 1,02 %.
[BTC / USD] In 2020 to present value: 66 %
Bitcoin did not stay above $ 12,000. The bull trap or the tactic of investors to tighten a certain value above the resistance and then pull it back to pick up the stopwatch of other investors came out yesterday. Investors have caught many investors who have already seen Bitcoin at $ 14,000, where there would be another level of resistance.
We are currently at $ 11,800 and we have fallen back into the triangle where support will be at $ 11,300. Falling out of the triangle would mean a backlash of $ 11,100. This does not mean, however, that Bitcoin is entering a bearish period. Let’s remember how long he fought for $ 10,000. We can see something similar at $ 12,000 now, and we can go to the side for a few weeks. But we are still bullish, it just takes time for investors to raise more capital for a proper attack.
Thank you for your time and reading crypto market overview 19.8.
