Cryptheory

24/7 crypto news, cryptocurrency meaning, guides, learning, #cryptohelpschildren

Market overview 4.4.| Bitcoin and Ethereum – Will be more slump on the weekend?

2 min read
Market overview 4.4.| Bitcoin and Ethereum - Will be more slump on the weekend?
freepik

overview of terms

Today we will see how the world markets performed at the end of the week. And then we will also look at the Bitcoin and Ethereum graphs. Awaiting us a bigger slump this weekend?

Cryptocurrency market currently has a total market value of $ 192 billion. The decline from high in 2020 is $ 114 billion and bitcoin dominance is 65.4%.

The best growth yesterday was:

Swipe

 

Swipe (SXP) $0,839087 USD (121,28%)

 

Komodo

 

Komodo (KMD) $0,481279 USD (29,52%)

 

Steem

 

Steem (STEEM) $0,187001 USD (14,12%)

 

Synthetix Network Token

 

Synthetix Network Token (SNX) $0,694989 USD (11,50%)

 

Monero

 

Monero (XMR) $53,61 USD (8,84%)

 

The biggest drop was recorded:

Bytecoin

 

Bytecoin (BCN) $0,000222 USD (-10,98%)

 

Energi

 

Energi (NRG) $2,18 USD (-6,48%)

 

ICON

 

ICON (ICX) $0,247180 USD (-2,47%)

 

World markets yeterday

SP500: -1,74 %. NASDAQ: -1,64 %.  OIL: +8,5 %. GOLD: +0,3 %. DOW J.: -1,8 %

 

[BTC / USD] In 2020 to present value: -2%

Bitcoin fell slightly yesterday, but we stopped again at $ 7,000, where there is resistance. Throughout the day, we saw a decline from $ 7,000 to $ 6,800, following the pattern of world markets. This slump is only in the order of a few% and rather relates to evening trading. As we can see on patterns A, A and then Y, Y it is a copy of the previous cycle and it is possible to assume a subsequent fall.

Market overview 4.4.| Bitcoin and Ethereum - Will be more slump on the weekend?

But at the moment there is a chance that the bulls will want to break through now and finally leave the channel we were in. I explained everything directly to the chart. The closest resistance is at $ 7,000 and support remains at $ 5,800. If we exceed $ 7,000-7,100, Bitcoin could grow to $ 8,000.

 

[ETH / USD] In 2020 to present value: +8.6%

We’ll also look at the Ethereum, which was $ 140 on Friday night. Looking at the graph, we have seen quite quiet movement for several days. The small dispersion is also due to the large slump we saw beginning in early February. No wonder investors, investors are very careful and in these times it is doubly true. Gradually and slowly, the Ethereum must now build their trust.

We have tested the closest support several times and have stabilized at $ 121-126. In the current state of the market we can expect a slight decline of a few percent over the weekend, at best we could see a slight increase to resistance levels to 145-150 USD. Rather, we tend to drop slightly at the weekend.

Market overview 4.4.| Bitcoin and Ethereum - Will be more slump on the weekend?

 

Selected coins from top capitalization yesterday:

Bitcoin

 

Bitcoin (BTC) $6 177,23 USD (2,97%)

 

Ethereum

 

Ethereum (ETH) $131,97 USD (4,85%)

 

XRP

 

XRP (XRP) $0,180861 USD (2,54%)

 

Current price

[crypto coins=”BTC,ETH” columns=”2″]

Leave a Reply

Your email address will not be published.