![08.04.21 [Přehled trhu a BTC] Is the weekend expected to fall again?](https://kryptomagazin.cz/cdn-cgi/image/width=1036,height=704,quality=80,format=auto,onerror=redirect,metadata=none/wp-content/uploads/2020/05/photo-1573362267147-8bf3dac8d115.jpeg "08.04.21 [Přehled trhu a BTC] Is the weekend expected to fall again?")
Bitcoin (BTC) has been growing over the last weekend, how will it be now? Within the chart, we follow the well-known consolidation. What values are investors currently watching before the weekend?
BTC and markets
The global crypto market capitalization is $ 2.02 trillion, down 2.12% from the last day. The total volume of the cryptocurrency market in the last 24 hours is 113 billion USD, which represents a decline of 7.16%. The total volume in DeFi is currently $ 14.55 billion, which is 12.8% of the total 24-hour volume of the crypt market.
The price of bitcoin is currently $ 43,800 KMC.
Bitcoin dominance is currently 41.19%, a decrease of 0.16% during the day.
The best growth from the top 100 capitalization yesterday was recorded by:
The biggest drop yesterday from the top 100 capitalization was recorded by:
All data is provided from the web coinmarketcap.com
Bitcoin Technical Analysis (BTC):
The price of Bitcoin fell below $ 44,000 and lost 5.4% of its value. Other major cryptocurrencies are also in a downward trend. The price of Etherea fell by 3.8%, BNB 0.3%, Terra 5.03%, Solana 3.96%, Cardano 2.43%, XRP 1.1%.
There are now several isolated but seemingly interconnected events that have sparked wild speculation about the monumental role that Bitcoin could play in the global financial system in the long run.
First, Russia rejects the idea of adopting Bitcoins to export fossil fuels. Last week, Russia’s energy minister Pavel Zavalnyj said “friendly” countries, including China, could be able to buy gas and oil in their currencies or in Bitcoin.
Bitcoin has been moving at a bullish pace for more than 2 months, but the mood is still cold. After all, Bitcoin fell from $ 68,000 to $ 33,000, and despite this growth in more than 2 months to $ 46,000, investors fear the continuation of the decline.
So far, however, we can calm everyone down, because despite the slump, the strong bullish pace is still not broken on the chart. The slump could reach $ 41,600, creating another higher cycle on the supporting line and then rebounding to $ 46,000. The strongest resistance is 50,000 USD in terms of growth.
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ATTENTION: No data in the article is an investment board. Before you invest, do your own research and analysis, you always trade at your own risk. The kryptomagazin.cz team strongly recommends individual risk considerations!
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