Bitcoin, Bitcoin Cash, Ethereum, Ripple: prices, charts and analysis
- Bitcoin money stuck in oversold territory.
- Below $ 100 billion of market capitalization a wave of negative stocks is triggered.
The cryptocurrency market is drifting lower
A series of encrypted files is found in the oversold territory, using the RSI indicator, and it may rebound in the short term, although the gains are likely to be limited. The cards continue to paint a negative long-term picture with lower peaks that continue to dominate. Markets are stretching downwards, while trade intervals remain limited and volumes remain low. Bitcoin Cash (BCH) seems increasingly oversold and could move higher in the short term.
Chart of daily prices Bitcoin Cash (BCH) (February – 5 December 2018)
The roof of the cryptocurrency market is currently around 125 billion dollars, just 10 billion dollars at the minimum of this year. If Bitcoin (BTC) falls to the next support level around USD 2,970, the overall market capitalization is approaching or breaking below $ 100 billion, triggering a round of negative stocks. Recall that this time last year, market commentary suggested a market capitalization of $ 1 trillion or more.
Investors remain net cryptocurrencies but recent changes give us a mixed trading bias – for example, Bitcoin net-short traders are on the rise compared to last week. You can subscribe to IG Sentiment Indicator of the client free to get updated positioning data.
Cryptocurrency trader Resources: accounts, guides, sentiment indicators and webinars for free practice negotiation
If you are interested in trading with Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you start your journey. We have a Introduction to the Bitcoin Trading Guide with a Free demo account so you can practice trading on this volatile asset class.
What's your opinion? on the latest cryptocurrency sales? Share your thoughts and ideas with us using the comments section at the end of the article or contact me on Twitter @ nickcawley1 or via e-mail at address [email protected].
— Written by Nick CawleyAnalyst.
