Market overview 14.4.| BTC + ETH + NASDAQ SLUMP

Table of Contents

Bulls still have a holiday, so they took the chance bears

Welcome to our market overview today.

overview of terms

Bitcoin returned to $ 7,000 early this weekend. Today, for a moment even exceeded $ 7,000, but now we see a drop to $ 6,700. Bulls still have a holiday, so they took the chance bears.

Check last Market Overview here

Cryptocurrency market currently has a total market value of $ 193 billion. The decline from high in 2020 is $ 114 billion and bitcoin dominance is 64.3%.

The best growth yesterday was:

Komodo (KMD) $0,424395 USD (+3,85 %)

Digitex Futures (DGTX) $0,044976 USD (-0,56 %)

The biggest drop was recorded:

DigiByte (DGB) $0,005473 USD (-11,81 %)

Maker (MKR) $295,87 USD (-8,93 %)

Bitcoin Cash (BCH) $220,44 USD (-7,97 %)

Blockstack (STX) $0,087525 USD (-7,75 %)

Nervos Network (CKB) $0,005063 USD (-7,51 %)

World markets overview yeterday

SP500: -1,64 %. NASDAQ: 0,12 %. GOLD: 1,45 %. DOW J.: -1,94 %

[BTC / USD] In 2020 to present value: -3,0%

For the past few weeks we have seen the same scenario where Friday night will start to fall. It will stabilize over the weekend and then start to grow again on Sunday. On Monday, it then reaches growth, which is almost completely erased on Tuesday. The last weeks have been like over a photocopier.

But this whole week will change and the scenario will fail. Bitcoin is currently at $ 6,770, just above $ 6,700. We see resistance at $ 7,000 and $ 7,300 unconfirmed resistance and a degree of $ 7,700. Important for bulls will break through 7,000 USD.

[ETH / USD] In 2020 to present value: + 19.8%

Ethereum is still one of the coins, which in 2020 is still in plus after a significant market slump. Today we see ETH values at $ 153. According to the graph, where we mainly watch the ascending channel, we have to follow the top and bottom of the channel. The nearest support lines are at 143 USD, where we can see the horizontal support line crossings.

This value will be a good point to bounce upwards. The closest resistance is at $ 192. If the world markets are favorable, the bulls will be optimistic on Bitcoin, and this will certainly be reflected on Ethereum. We expect a reflection of $ 143 towards the resistance line channel at $ 192.