Table of Contents
Welcome to our crypto market overview 26.8.
Bitcoin lost $ 1,000 in nine days! We got up to $ 11,400. The support must last, otherwise investors will feel that we will fall into bigger problems. The resistance remains unsurpassed at 12,000 – 12,400 USD. Where can Bitcoin move?
Yesterday, we reached a marketcap worth of $ 357 billion. This week we are recording a low of USD 356 billion and a high of USD 369 billion. At Bitcoin, we have a low at $ 11,470 in the same period. High on Bitcoin at $ 12,400. We are currently trading at $ 11,400 for one BTC coin. Bitcoin dominance is declining at 59.2%.
Last crypto market overview here.
Overview of coins from top capitalization yesterday:
Kusama (KSM) $32,32 USD (51,90%)
Cosmos (ATOM) $8,47 USD (6,93%)
The best growth yesterday was:
Kusama (KSM) $32,32 USD (51,90%)
Reserve Rights (RSR) $0,024504 USD (12,12%)
Aave (LEND) $0,728439 USD (8,64%)
The Midas Touch Gold (TMTG) $0,027039 USD (8,00%)
Cosmos (ATOM) $8,47 USD (6,93%)
The biggest drop was recorded:
Ampleforth (AMPL) $0,658198 USD (-15,05%)
THETA (THETA) $0,497512 USD (-12,36%)
OMG Network (OMG) $5,21 USD (-11,53%)
Flexacoin (FXC) $0,007705 USD (-10,80%)
All data is provided from coinmarketcap.com
World markets overview yeterday:
SP500: 0,06 %. NASDAQ: 0,35 %. GOLD: -0,60 %. DOW J.: -0,48 %.
[BTC / USD] In 2020 to present value: 63,2%
Bitcoin has dropped by almost $ 1,000 in 9 days. On the graph we see the triangle in which we are currently. As we can see, we have reached resistance of $ 11,800 and investors are now heading for $ 11,400, where the bottom of the triangle lies. This decline is not particularly surprising, as we wrote in the previous analysis, he could be predicted. The decline of Bitcoin is also reflected in the altcoin market. We probably expect a reflection on the support line within 2 days and grow again to USD 11,800.
It’s hard to say what will happen after the end of the triangle – in most cases it’s a big move. Many expect further growth, but be aware that nothing is growing indefinitely. We reached a price of $ 12,000 for one piece of BTC, the last time this happened before the arrival of summer in 2019. It has been almost a year since we saw these values and we know well what happened last year after we reached $ 12,000 . There was a rapid growth to $ 14,000 followed by a 6-month bearish channel and a decline to $ 6,600. We need to be careful, even though we expect a break of $ 12,000 and growth. We need to keep in mind the relatively cruel history of Bitcoin, which can be repeated as soon as investors feel it is time to collect profits that are already at 63% appreciation in 2020.
Thank you for your time and reading crypto market overview 26.8.
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