📝 Brief market summary. Tuesday, July 10th

in #bitcoin6 years ago

📝 Brief market summary. Tuesday, July 10th

Bitcoin price change:
24 hours: -0.17%
1 month: −11.69%
BTC trading volume (24h): $3,603,620,000 (1 billion USD decrease)
BTC Dominance: 42.7% (Slight increase):

Biggest Gainers (TOP-100): Monaco (8.93%)
Biggest Losers (TOP-100): Bitcoin Diamon (-32.43%)

📈BTC was able to move over $6800 and stay withing 6830 - 6650 range. This is very important because ability of BTC to stay within this range throughout this week is crucial for further growth.

📣 News environment: Neutral. We have several good news, however Bancor platform and Chinese mass hack balanced out news.

📊 Short-term analysis: We have seen some small correction today, however it's too early to panic. As far as Bitcoin will avoid plummeting down below 6600 - we are safe. If Bitcoin will move below $6600 price line, the I will watch support at $6400. Movement below indicated line can trigger massive sell panic, which can move Bitcoin below $5900. Bull indicators: Ability of 1 week candle to close over $6800 is a good indicator of steady reversal trend.

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BTC 64231.88
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