Due to the fact that coinmarketcap.com in its cryptocurrency price lists excluded prices from South Korean exchanges, there were several key changes. It caused that the average price of each cryptocurrency was falling. The overall market capitalization of cryptocurrencies also dropped. At present, it is less than 683.5 billion dollars. Of which Bitcoin domination is almost 33%. The first nine cryptocurrencies record decreases in the last 24 hours.
Bitcoin's price dropped during the week from $ 16,400 to $ 13,300 at the time of writing this analysis. The trend line of the upward trend did not manage to keep the price. It was knocked down and tested giving a signal to short-term players.
The key support is the $ 12,000 level. Here you should look for a signal to buy. If this level does not stop the falls, another important support is $ 10,000. Tomorrow, traditionally, we will provide XM broker clients with templates with ready analysis.
nice Technical analysis 33% it's huge, like your post @jpktraders, keep up great work
Thanks