Bitcoin hits 1.618 Fibonacci and may find a top soon.
The weekly chart of Bitcoin shows a massive run in the previous period as the region around the all-time high is being tapped.
There are several key price levels to watch if Bitcoin corrects before reaching $20,000.
The total market capitalization of cryptocurrencies has arrived at the next and final resistance zone before a possible new all-time high: $500 billion is likely to be a significant hurdle to overcome.
Remarkably, Bitcoin's price is now just 10% beneath its all-time high and has already broken its all-time high market cap.
The total cryptocurrency market cap is still down 35% from its all-time high.
One of them is the increase in Bitcoin dominance over the past weeks, which has risen to over 66%. As long as Bitcoin is in the spotlight, altcoins will not perform well.
If Bitcoin corrects, then altcoins are likely to drop even more.
Price against Bitcoin and whether ETH/BTC has bottomed.
The best conditions for altcoins are a slow, upward grind in the price of Bitcoin.
Bitcoin rebounds to $18K after crucial support level holds
Veröffentlicht auf Nov 19, 2020
by Cointele | Veröffentlicht auf Coinage
Coinage
Erwähnt in diesem Artikel
Neueste Nachrichten
Alle ansehen
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.