Bitcoin changes to $3,602, while the upside is limited to the Simple Moving Average (SMA) of 50 days. In addition, the crypto is stuck in a resistance range of $3,700. A $3,500 support was established. Bitcoin has proven to be stable in this range since Monday began trading the week. The current trend will continue throughout the weekend if the bulls do not push BTC beyond the range.
Major cryptocoins are having a hard time going against the bearish current as the total market capitalization of all the crypto assets fell down by 3.23 percent. Meanwhile, several factors, such as the accessibility of cryptocurrencies in the US, are trying to pull up the market.
Major cryptocoins are having a hard time going against the bearish current as the total market capitalization of all the crypto assets fell down by 3.23 percent. Meanwhile, several factors, such as the accessibility of cryptocurrencies in the US, are trying to pull up the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.