❌ After yesterday's unexpected price increase, today Bitcoin has fallen almost as much as yesterday, that is, with a price reduction of about 6.5 percent, today it has reached the price of $ 39,000 again.
The dominance of Bitcoin today is about 42.6%. The total market cap of cryptocurrencies also fell to $ 1.74 trillion.
Almost all altcoins today are falling with a sharp drop in Bitcoin. Surprisingly, ICON with 41% profit and Waves with 26% profit are cryptocurrencies that have acted independently of the bitcoin chart.
Today's index of fear and greed of the digital currency market is in the range of fear and shows the number 28. Yesterday, the index was at 22, and today, this index has recovered about 6 points.
✅ The $ 40,000 support for Bitcoin was lost again today with heavy losses. The closest Bitcoin support is currently the 4-hour uptrend line. But can this support stop the decline?
Acceleration is currently high, and Bitcoin does not have powerful static support in this area. At around $ 38,000, there is not-so-valid static support and an uptrend line in the area.
The combination of bitcoins' static and dynamic support (trend line) can stop the declines if the acceleration decreases.
If Bitcoin returns from this range, the resistance of $ 40,000 is on its way. But if the uptrend line is lost, the next Bitcoin support will be around $ 37,000 and then $ 36,000.
For now, I expect an uptrend until the $ 37,000 support is broken.
The dominance of Bitcoin today is about 42.6%. The total market cap of cryptocurrencies also fell to $ 1.74 trillion.
Almost all altcoins today are falling with a sharp drop in Bitcoin. Surprisingly, ICON with 41% profit and Waves with 26% profit are cryptocurrencies that have acted independently of the bitcoin chart.
Today's index of fear and greed of the digital currency market is in the range of fear and shows the number 28. Yesterday, the index was at 22, and today, this index has recovered about 6 points.
✅ The $ 40,000 support for Bitcoin was lost again today with heavy losses. The closest Bitcoin support is currently the 4-hour uptrend line. But can this support stop the decline?
Acceleration is currently high, and Bitcoin does not have powerful static support in this area. At around $ 38,000, there is not-so-valid static support and an uptrend line in the area.
The combination of bitcoins' static and dynamic support (trend line) can stop the declines if the acceleration decreases.
If Bitcoin returns from this range, the resistance of $ 40,000 is on its way. But if the uptrend line is lost, the next Bitcoin support will be around $ 37,000 and then $ 36,000.
For now, I expect an uptrend until the $ 37,000 support is broken.
Comment:
In the last couple of days, as BTC and ETH prices and trading volume increase drastically to new monthly highs, we’ve seen a very unusual and alarming increase in gas fees, to levels not seen since last summer when BTC first broke above $60,000.
Comment:
Comment:
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
