Market overview 18.4.| BTC 7000 USD before halving :/
2 min readTable of Contents
Bitcoin at $ 7,000, who would expect this before halving?
Welcome to our market overview today.
In the market overview we will look at how the market ended and how it looks on the Bitcoin chart. Bitcoin at $ 7,000. World markets are closing the week with a slight growth.
Check last Market Overview here
Cryptocurrency market currently has a total market value of $ 202 billion. The decline from high in 2020 is $ 104 billion and bitcoin dominance declines to 63.9%.
The best growth yesterday was:
Loopring (LRC) $0,032961 USD (18,25%)
Hyperion (HYN) $0,132179 USD (17,38%)
Seele (SEELE) $0,076443 USD (8,09%)
Ren (REN) $0,058858 USD (7,61%)
DigiByte (DGB) $0,006376 USD (7,27%)
The biggest drop was recorded:
Komodo (KMD) $0,576417 USD (-5,46%)
Horizen (ZEN) $5,49 USD (-3,23%)
All data is provided from coinmarketcap.com
World markets overview yeterday
SP500: 0,05 %. NASDAQ: 1,13 %. GOLD: -0,10 %. DOW J.: -0,56 %
[BTC / USD] In 2020 to present value: -1,72%
More or less, nothing significant happened on Bitcoin on Friday. We see the closest support at $ 7,000. BTC also have another support line that creates a bulish channel, which has shifted to 6,750 USD. We track the resistance to $ 7,300 and then overcome it to $ 7,700. This week we were mostly below $ 7,000, and with the approaching weekend it moved above $ 7,000. World markets will reopen on Monday, so there should be no significant movement over the weekend.
Slowly but surely halving is approaching. Miners’ rewards will be halved, and analysts expect Bitcoin values higher than the current $ 7,000. Unfortunately, the situation in the world has changed dramatically after the coronavirus broke out, Many have lost or will lose their jobs, entrepreneurs will fail, many will lose their savings and so many retail investors will not even think about buying Bitcoin. It’s hard to say what will be in less than a month, but my personal estimate is $ 8,000-9,000 per bitcoin at halving time.
Overview of coins from top capitalization yesterday:
Bitcoin (BTC) $6 718,96 USD (0,90%)
Ethereum (ETH) $156,08 USD (0,09%)
XRP (XRP) $0,183875 USD (0,41%)
Current price
[crypto coins=”BTC” columns=”1″]
