Market Watch March 1st
Yesterday, Bitcoin successfully passed resistance at $ 6,200, which allowed the bulls to strengthen their positions. Now the next short-term target for the asset will be the level of $ 6500, breaking through which will open the way to $ 7000. The daily chart confirms that the price of the first cryptocurrency has returned to the bullish phase – this is indicated by the position of the RSI indicator (relative strength index). Technically, at the moment, bitcoin has every chance to overcome the $ 6,500 mark and gain a foothold higher, but too low trading volume may hinder this.
The first level of support is now located at around $ 6400, the next – at $ 6200. If a correction to $ 6000 occurs, further support should be considered the level of $ 5800.
The market for altcoins from the top 100 by capitalization is mainly in the green zone. The best dynamics are demonstrated by Bytecoin (+ 11.44%), aelf (+ 7.61%) and IOTA (+ 7.91%). aelf continues to grow after the launch of the new version of the integrated commercial solution for the aelf Enterprise v1.0.0 Preview 1 blockchain. Bytom lost the most (-3.95%) – the price of the asset is restored after the jump caused by the launch of the Bytom MOV decentralized Internet Protocol.
Market capitalization increased to $ 179 billion, the level of bitcoin dominance fell to 65.2%.
- Bitcoin — $6382.47 (+1.06%)
- Ethereum — $131.94 (-0.39%)
- XRP — $0.172451 (-0.44%)
- Tether — $1.00 (+0.28%)
- Bitcoin Cash — $218.67 (+1.13%)
- Bitcoin SV — $163.90 (+4.23%)
- Litecoin — $38.79 (-0.03%)
- EOS — $2.21 (-0.15%)
- Binance Coin — $12.46 (+2.41%)
- Tezos — $1.57 (-0.92%)
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