Bitcoin Cross $3850: Crypto Market Gains 7 Billion

Technical Analysis

On Mar 6, 2019

Bitcoin showing little relief and trading above $3850 ( a small resistance). Most of the coins are not showing any recovery yet.

Bitcoin Cross $3850: Crypto Market Gains 7 Billion 1

Yesterday Bitcoin gets a $120 pump on 1-hour chart. Bitcoin is trading at the same price as the starting of the week. Bitcoin mining revenue starts increasing after the famous bull run of 2017.

Bitcoin chart

Bitcoin is trading above 100 MA (moving average) this is little relief for bulls. The 100 MA is turning upward and the mid-term trend may change soon. Bitcoin will face psychological resistance at $4000 and have major resistance at $4250 and $4400. Bitcoinik reported the full technical analysis of Bitcoin and Ethereum.

Bitcoin technical analysis

Ethereum shows good strength and trading at $138 after making a $122 weekly low. Ethereum holding its second place among cryptocurrencies. Ethereum has a total market cap of $14.5 Billion dollars.

Ethereum (ETH) charts

Litecoin (LTC) and Binance Coin (BNB) are the top gainers among the top 20 cryptocurrencies. Crypto markets gain a total of $7 Billion and now the total marketcap is $132 Billion dollars after making a weekly low of $125 Billion dollars.

Binance launchpad announced a new ICO named “Celer Network“. Opera web browser announced Opera touch for IOS users with inbuilt Ethereum wallet.

Bitcoin bitcoin analysis bitcoin charts bitcoin exchange bitcoin market Bitcoin news bitcoin price Bitcoin technical analysis

Harsh Sangwan is a Crypto enthusiastic, Bitmex Trader, Blogger and Youtuber. Love to write about market conditions and forecasts.

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