Overview of the cryptocurrency market to 28 october
The consolidation model is most likely a continuation of trade. BTC is traded in the market with a limited range, support of $6 000 proved to be the most stable. The whole range of trade decreased to $6 800 - $6 000. We believe that experienced traders can trade within the corridor, but beginners should be prepared for a short or long position after leaving the channel. However, in the meantime, a downward movement is possible. The number of short positions is slightly more than the number of long ones.
The long presence of BTC and the rest of the cryptocurrency above the round level of $6 000 reduces the chance of a sharp drop to $5 000. We have seen signs of accumulation of finances and interest of large investors. This is proved by nine-month reports of investors and traders about the imminent fall to 2-3 thousand for one coin. If necessary, it will do it in such a time.
Стоимость главной криптовалюты на сегодня – $6 401, его индекс доминации – 53,7%. Общая капитализация цифрового рынка – $206 миллиардов.