
Yesterday, there was sharp decline in the Bitcoin price below the $18,000 level. BTC even spiked below $16,500 before the bulls protected the $16,300 support zone. A swing low is formed near $16,220 and BTC is currently rising.
It seems like there is a possible double bottom pattern emerging with support near $16,300. The breakout resistance is forming near the $17,500 level. BTC is likely to start a strong increase if it clears that breakout resistance.
On a 24H scale the altcoin market is in red. From the top-10 coins, Litecoin (-7.8%) and Bitcoin Cash (-6.5%) are the most significant losers.
Market capitalization: $530.53B (-3.99%)
The BTC dominance: 60.24% (-0.26%)
Fear & Greed Index: 86 (Extreme Greed)
https://cryptorank.io/heatmaps
👉 Top Gainers
Sushi [SUSHI] +26.10%
yearn.finance [YFI] +15.90%
Aave [AAVE] +16.10%
👉 Top Losers
NEM [XEM] -12.27%
Crypto.com Coin [CRO] -10.17%
Litecoin [LTC] -8.50%
BTC Futures
Aggregated Volume — $55.56B
Aggregated Open Interest — $4.91B
👉 Derivatives Market Analytics