Analysis Editor's Picks

Bitcoin: update of the annual minimum

The market capitalization of cryptocurrencies last week lost $20 billion in one day, November 14. Most of the cryptocurrencies from the list of the TOP 20 once again updated its annual lows. The market capitalization has fallen from $212 billion on Monday to the low of the week at $176 billion After a slight recovery the market capitalization at the moment is again approaching its recent low. Amid falling capitalization share Bitcoin reached a peak of 54%.

Bitcoin: обновление годового минимума

Figure 1. – Heat map list of coins the TOP 20 for the period of last week

The first cryptocurrency in the period of last week has lost more than 14%. Bitcon came out of his usual range: $6200 – $6600 and shot him a meaningful sloping support level (Fig.3). Did not stop falling psychological support around $6000 and $5500. At the moment, seeing the update of the low, which was recorded on Wednesday, November 14. Possible support level will be$ 5000.

Bitcoin: обновление годового минимума

Figure 2. – The dynamics of BTCUSD (D1)

Oleg Sergeyev, an analyst at TSI Analytics, especially for Bitjournal

The review reflects the subjective position of the analyst — partners Bitjournal — c subject to the personal trading style. Trading operations with cryptocurrency are increased risks due to the nature of the market. The editors are not responsible for your trading decisions and recommends trading only to those funds, the loss of which will not be critical.

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