09.06. [Přehled trhu a BTC+ETH] Will the Pennant pattern drop to $ 23,000?

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Bitcoin fell to $ 32,700 on Tuesday. As on Bitcoin, so on Ethereum we see a break in the triangle and a drop to the bottom of the bullish channel (support line).

The global cryptocurrency market capitalization is $ 1.50 trillion, a decrease of 7.83% over the last day.
The total volume of the crypto market over the last 24 hours is 144.82 billion USD, which means an increase of 66.87%. The total volume in DeFi is currently $ 10.76 billion, which is 7.43% of the total 24-hour volume of the cryptocurrency market. The volume of all stable coins is now $ 115.60 billion

The price of Bitcoin is currently $ 32,908.57. The dominance of bitcoins is currently 41.02 percent, an increase of 0.05% per day.

The best growth from the top 100 capitalization yesterday was recorded by:

BTC / USD Technical Analysis

Bitcoin fell to $ 32,700 on Tuesday. After keeping $ 36,300, he got under the support line triangle. The result is a broken triangle. We see significant support at $ 30,000, where Bitcoin is likely to fall in the coming days. As part of the growth, it could return to the triangle and pick up a stop loss for smaller investors, but due to the pennant pattern of trend flags, it could fall to somewhere around $ 23,000, where there is further support. All this on the assumption that the $ 30,000 support will not last. These days, investors invest within a maximum of one day. The use of SL is necessary.

ETH / USD Technical Analysis

As on Bitcoin and Ethereum, we see a break in the triangle and a drop to the bottom of the bullish channel (support line). If the support line of the bullish channel is not maintained, it will fall into the bearish channel. Here, the rule of trend patterns is applied about alternating the pattern cycle with the opposite cycle as the original one.

ATTENTION: No data in the article is an investment board. Before you invest, do your own research and analysis, you always trade only at your own risk. The kryptomagazin.cz team strongly recommends individual risk considerations!

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