13:12
Thoughts on the cryptomarket as of 12/08/2020

Bitcoin remains in the same trading range. After an unsuccessful attempt to take 19,500, the price of the main cryptocurrency tested the strength of support at 18,800, after which it returned above 19,000. Now Bitcoin is trading around 19150 - 19200.

Market capitalization 570 billion, dominance index 62.5%.

Stock markets in flat. S&P 500 closed at 3691, gold rose, which was warned about on our stock channel, today the markets are looking down - reasons for growth have been worked out, but there is no new positive. There is too much money for a significant drop in the market, but the S&P 500 is quite ready to go to 3650.

The crypto market is still flat. Bitcoin remains in the range of 19500 - 18800. After unsuccessful attempts to go up, the main cryptocurrency tested the strength of support at 18800. It was possible to return above 19K, there is no further going further, Bitcoin is in the middle of the trading range. Alts are still waiting for the denouement on Bitcoin, there is no growth.

Markets stand still. Buyers are in no hurry to buy from the market, hoping for a decline; there is not a single argument in favor of selling at all, except for the fear index at its maximum values.

The market cycle is not over. Bitcoin has grown and stabilized, but the topic of altcoin growth has not been disclosed.Therefore, I expect either the growth of altcoins with Bitcoin in the previous trading range, or Bitcoin's exit towards ATH.

Smart money does its job at the same time. They do not wait for Bitcoin at 15K, but use the opportunities that still exist. MicroStrategy, which has already made good money on Bitcoin, continues to buy it.

Thoughts on the market as of 12/07/2020

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Category: Analytics | Views: 57 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin markets #BTC #cry | Rating: 5.0/1
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