The capitalization of the entire cryptocurrency market is already over USD 830 billion. We remind you that it was less than 17 billion dollars a year ago.
At the moment, Bitcoin's dominance is only 33.8%. This is a fairly poor result. A month ago it was 67.5%. The Btc price in the last 24 hours has been down 1.7%. In the second place in the cryptocurrency ranking is Ripple, followed by Ethereum . Both cryptocurrencies increase over 7% in the last day.
From a technical point of view, on the BTC chart we were dealing with a price correction reaching 50% of the Fibo abolition of the growth impulse. The price tested this level 2 times creating a structure. These were around $ 12,000.
Going to a lower time interval, we see that the next barrier to further increases is 17,100 USD. After breaking it on top and test, you will be able to look for a place to buy. The first TP will be $ 20,000.
On the , you can still see the growing trend, therefore we deliberately do not set a place to take a short position. Trend is your friend.