Market Overview and Bitcoin Price Analysis Today (21/11)
BTC Technical Analysis
Looking at the H4 frame, the price broke out of the triangle, and found the support area of $16,000. However, the possibility of reverse suction increased by the round numbers and MA25 is still very high. Price is currently touching the bottom edge of the pattern, if possible. The price will break through and touch the $15,500 zone, which is huge.
Market Overview
BTC and ETH prices are below the D-frame MA50, respectively, both showing a general downtrend. ETH is trading less than BTC when the ETH/BTC pair is below the D-frame MA20, indicating that the market is very negative.
The whole market capitalization reached 755 billion USD, below MA50, frame D, showing a strong downtrend. BTC.Dom at 36.9%. Trading volume decreased by 23.3% compared to the previous week, only about 55.6 billion USD.
Shark activity has been stronger than last week, when the percentage of active BTC wallets increased by 7.9% to 836k wallets. However, the percentage of active ETH wallets decreased by 10.8%, ETH transaction fees decreased by 16% on average. Shows that the market is trending negative.
Looking at the H4 frame, the price broke out of the triangle, and found the support area of $16,000. However, the possibility of reverse suction increased by the round numbers and MA25 is still very high. Price is currently touching the bottom edge of the pattern, if possible. The price will break through and touch the $15,500 zone, which is huge.
Market Overview
BTC and ETH prices are below the D-frame MA50, respectively, both showing a general downtrend. ETH is trading less than BTC when the ETH/BTC pair is below the D-frame MA20, indicating that the market is very negative.
The whole market capitalization reached 755 billion USD, below MA50, frame D, showing a strong downtrend. BTC.Dom at 36.9%. Trading volume decreased by 23.3% compared to the previous week, only about 55.6 billion USD.
Shark activity has been stronger than last week, when the percentage of active BTC wallets increased by 7.9% to 836k wallets. However, the percentage of active ETH wallets decreased by 10.8%, ETH transaction fees decreased by 16% on average. Shows that the market is trending negative.