Today we will focus on Bitcoin, where we look at an interesting pattern, as well as on Tezos and IOTA, which added almost 18% to growth yesterday and were among the best growing altcoins – both of which were big fundamentals.
At present, the cryptomarket has a total market value of $ 260 billion. Bitcoin withdrew to $ 9,324 yesterday. The total market this year rose by 39% to top values. BTC dominance declines to 65.2%.
The best growth yesterday was:
IOTA (MIOTA) $0,347510 USD (17,97%)
MIOTA was followed by :
Tezos (XTZ) $2,08 USD (17,08%)
Molecular Future (MOF) $1,27 USD (15,96%)
KickToken (KICK) $0,000109 USD (15,29%)
Hedera Hashgraph (HBAR) $0,014705 USD (12,13%)
ICON (ICX) $0,372028 USD (11,31%)
The biggest loss from the top 100 Market Cap yesterday was:
Bytecoin (BCN) $0,000302 USD (-10,65%)
MonaCoin (MONA) $1,76 USD (-8,50%)
All data are from coinmarketcap.com
[BTC / USD] In 2020 to present value: 31.20%
The situation on the chart resembles a pattern cup and handle. Bitcoin is currently 9,400 USD. Last month we achieved 31% appreciation on Bitcoin, the highest in the last 6 years.
The situation regarding coronavirus in China is currently helping Bitcoin’s growth. We can see a correlation between an average -8% fall in shares in China and 31% growth in Bitcoin. The closest support is currently at $ 8,700. The closest resistance can be seen in the values where Bitcoin is currently, ie 9 150 – 9 550 USD. If he breaks $ 9,550, he can freely grow to $ 10,300.
[IOTA / USD] In 2020 to present value: 120%
Yesterday IOTA up to 18%. We are looking for a fundament behind this growth, because it is not about the graph. 2 great things for IOTA within a few days respectively. yesterday, with the arrival of the working week probably more people looked at it.
Looking at the graph we see 2019 to the present. It’s not that far off at an annual high if IOTA adds 33% to the growth. Overall, in 2020 it has 120%, it is an incredible pump and IOTA started it in large respectively. marketing department + developers. The closest resistance we see is $ 0.386. Closest support deep down to $ 0.28. We are currently at $ 0.349. Growth can continue because the latest fundament is Oddyssey 2020, which will last from 4. – 5.02. 2020. The second fundament is from Friday 31.01, namely listing on Bittrex global. The combination of these two fundaments ejected IOTA up.
[XTZ / USD] In 2020 to present value: 50.39%
Tezos added up 17% yesterday, after IOTA it is the second most successful coin. The developers have announced that they will be at the Paris Blockchain Summit with BNB, ZEC, ETH, XRP. At the summits, it is probably one of the top 5. We are currently at $ 2 a piece and yesterday we reached a new high in 2020. The closest support is at $ 1.80.
Thank you for taking the time to analyze and review the market today.