Cryptocurrency market review, April 14

Market Watch, April 14th

Having broken through the support level at $ 7,000, Bitcoin has been steadily trading around $ 6,800 all weekend. Tonight, the asset attempted to gain a foothold above $ 7,000, but failed. At the moment, the main task of the bulls is to close day trading above $ 6800. This level is now the first resistance. If BTC can overcome it, the next important marks will be $ 7000 and $ 7200. And in order to clear the path to $ 8000, Bitcoin needs to go through the 50-day moving average, which is located at around $ 7460. The first level of support is in the region of $ 6550– $ 6600. If the first cryptocurrency fails to stay on it, we can see a decline to the next support at $ 6400.

Altcoins from the top 100 by capitalization are traded mainly in the red zone. The best dynamics is demonstrated by Komodo (+ 6.73%). It grows against the background of the election of operators of notarized network nodes. DigiByte lost the most in price (-7.96%).

The cryptocurrency market capitalization dropped to $ 192 billion, the level of bitcoin dominance is at around 64.1%.