12 September 2018

Overview of the cryptocurrency market. September 12

BTC continue in the channel $8 300 - $6 200 for a long time. The fall stopped at the lowest point of this range and a weak growth began. However, whether this growth will continue for a long time - is still unknown. The price per one BTC at the time of writing is $6 287. The main altcoins continue the strong downward movement. The owners of the DASH cryptocurrency lost. The drawdown for yesterday reached 8,6%, especially strongly this week.

The trading on the main cryptocurrency is calm this week, but looking at the smaller timeframes you can find long candles for sale, and in a few hours - absorbing candles to buy. But technical indicators show the possibility of breaking through the nearest resistance lines. Probable goal in the coming days - $6 400.

The general mood of the market is still negative. More long-term investors are beginning to give up nerves, keeping the falling asset for them is hard psychologically. Those who continue to believe in the future of technology, sell altcoins and transfer investments in digital gold. His dominance index peaked this year.

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