Bitcoin support levels - 20500$ and 20000$ strong Support (buyers available here)
Bitcoin resistance - $21300$ and 21900$ strong resistance (sellers available at this position )
Trade according to this update do risk management because market depends upon Bitcoin movement.
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Analysis -
Bitcoin faced rejection from 100 EMA on daily time frame and currently trading close to the support level of 20,500$. Bitcoin needs good volume to break 100 EMA Resistance, On the other hand bitcoin dominance is going down which caused altcoins to have a significant move to the upside today, Manage your risk appropriately. The market is highly unpredictable on weekends because there is often less volume.
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $1.02T, a 2.53% increase over the last day.Read Less
The total crypto market volume over the last 24 hours is $81.66B, which makes a 4.56% decrease. The total volume in DeFi is currently $3.62B, 4.43% of the total crypto market 24-hour volume. The volume of all stable coins is now $73.94B, which is 90.55% of the total crypto market 24-hour volume.
Bitcoin dominance is currently 39.10%, a decrease of 0.34% over the day.
Bitcoin resistance - $21300$ and 21900$ strong resistance (sellers available at this position )
Trade according to this update do risk management because market depends upon Bitcoin movement.
———————————————————————
Analysis -
Bitcoin faced rejection from 100 EMA on daily time frame and currently trading close to the support level of 20,500$. Bitcoin needs good volume to break 100 EMA Resistance, On the other hand bitcoin dominance is going down which caused altcoins to have a significant move to the upside today, Manage your risk appropriately. The market is highly unpredictable on weekends because there is often less volume.
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $1.02T, a 2.53% increase over the last day.Read Less
The total crypto market volume over the last 24 hours is $81.66B, which makes a 4.56% decrease. The total volume in DeFi is currently $3.62B, 4.43% of the total crypto market 24-hour volume. The volume of all stable coins is now $73.94B, which is 90.55% of the total crypto market 24-hour volume.
Bitcoin dominance is currently 39.10%, a decrease of 0.34% over the day.