Market overview 22.4.| BTC+NASDAQ

Table of Contents

Oil slump causes panic also on indices. Bitcoin copies the slump.

Welcome to our market overview today.

overview of terms

Today we look at the Bitcoin and NASDAQ charts. Both fell slightly yesterday, but by evening Bitcoin had risen again.

Check last Market Overview here

Cryptocurrency market currently has a total market value of $ 198 billion. The decline since the high in 2020 is $ 108 billion and bitcoin dominance is falling to 63.6%.

The best growth yesterday was:

Enjin Coin (ENJ) $0,110864 USD (7,50%)

Nexo (NEXO) $0,104698 USD (2,43%)

OmiseGO (OMG) $0,583225 USD (3,99%)

The biggest drop was recorded:

Digitex Futures (DGTX) $0,041098 USD (-9,46%)

Bytecoin (BCN) $0,000227 USD (-8,78%)

Terra (LUNA) $0,196440 USD (-7,85%)

IOTA (MIOTA) $0,152517 USD (-6,19%)

All data is provided from coinmarketcap.com

World markets overview yeterday

SP500: -2,63 %. NASDAQ: -2,77 %. GOLD: -0,97 %. DOW J.: -2,36 %

we could see a 3% drop on NASDAQ, which was caused by one larger candle. It’s not a significant drop, but yesterday we added 2.5% and as we see in Bitcoin, it has an impact. Bitcoin is currently copying the movement of the world market and it is losing in this week. We are currently operating at $ 8,510. Low yesterday we recorded at 8 358 USD. High at $ 8,555. It is quite likely that we will remain in decline throughout this week, as news of the number of infections in the US is rising sharply every day and investors are frightened of the near future.

[BTC / USD] In 2020 to present value: -3,5%

Bitcoin stopped at $ 6,760 yesterday, bounced towards $ 6,950 and strengthening. The summary of yesterday was even slightly lost, but this time it is a good sign for investors who want to see Bitcoin again above $ 7,000 and we are close. We still see support at $ 6,750, according to the bullish channel. The current return to the bullish channel will only confirm investors in long. In this growth can be found even halving, which is unstoppably approaching.

We may be worried about the currently forming bear channel on Bitcoin, but if Bitcoin stays within the bullish channel and keeps values above $ 7,000 this week, it will be a confirmation for investors in growth until halving.

As for the resistance, we see it at 7,300 and then at 7,700 USD there is serious resistance. If we stick to the bullish channel, we could see values rising to $ 9,000.