08:31
Thoughts on the market on 12/18/2020

During the day, Bitcoin once again renewed its highs, reaching values ​​above 23880, after which it formed a trading range of 22500 - 23600, where it is currently located.
Bitcoin is currently trading at around 23,000.
Market capitalization 657 billion, dominance index 65.5%

American stock indices yesterday showed growth from 0.49% to 0.84%.
The Dow Jones hit a fresh high and the S&P 500 did the same, closing at 3722.
Gold reached 1899, and Brent to 51.8.
The reason is optimism about the support package. According to statements from the White House, it can be agreed within 2 days, there is information that Congress will work on the package over the weekend if they do not have time to adopt it today.
The dollar index is below 90, gold was correcting by 1885, the S&P 500 futures are showing a slight decline.

After taking 20K, Bitcoin did not stop there, the new ATH of the main cryptocurrency is above 23880. After reaching it, there was a rollback below 23K, but support was formed from 22600 - 22550, which was already confirmed twice.
Altcoins rose against the dollar, the leaders are Light and Ether, but sank to Bitcoin, the dominance index reached 65.93%, and is now slowly declining.
The priority option for today is Bitcoin in the range of 22600 - 23600, and the growth of altcoins.
With a favorable external background (a further drop in the dollar index against the background of the adoption of a support package, or new news about the entry of large companies into the crypto market), another maximum update by the main cryptocurrency is possible.

We will tell you about further options for the development of events in the market today.

Thoughts on the market on 12/17/2020
 

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Category: Analytics | Views: 120 | Added by: andryvrozhkov | Tags: #Bitcoin #Bitcoin markets #BTC | Rating: 5.0/1
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