December 30, 2017. Market Review. Results of the Day. Bitcoin Flag

December 30, 2017

December 30, 2017. Market Review. Results of the Day. Bitcoin Flag

Market Review.

News feed is calm. It is understandable, though. Everyone is preparing for the New Year. 

As it usually happens on New Year's Eve trading volumes on financial markets are decreasing with large participants are out of the market.

However, the cryptocurrency market is not the same. Exchanges are operating around the clock and cryptotraders do not want to rest.

ETC and BTC trading volumes are growing for the third day in a row.  XPR trading volumes beats all the records. The price of XPR reached new all-time high today, $ 2.8.

BTC, most likely, would realize the scenario described by us on December 27 and would go down to $ 9,000.

If this continues, then the first days of 2018 would become very difficult for cryptotraders, unlike for traders in traditional markets.


Price and trading volumes changes (24h):

BTC 13 196,14 $ -10,71%

1 095 000 BTC + 29%

ETH 708.85 $ -4.67%

4 330 000 ETH + 26%

XRP 2.03 $ + 22%

4 828 000 XRP + 64%

BCH 2,273 $ -16.9%

813,000 BCH -30%


Biggest gainer (24h):

  • Ripple + 22%

Biggest losers (24h):

  • Bitcoin Cash -16.9%
  • Bitcoin -10.71%
  • Dash -10.22%
  • Litecoin-10.39%
  • Monero -10.07%

Technical view.

Today Bitcoin trades below $ 14,000. If the price falls below the support level of $ 13,000, which was formed during the correction on December 10, it is possible that BTC would continue to drop to $ 11,000—$ 12,000.

A reversal from the level of 11 000 $ would allow to hope for the realization of the scenario described in the review from December 28, and the possible growth of BTC to $ 30,000.

If the downward trend continues, then $ 9,000 is the appropriate price for its temporary stop.

 

ETH and BCH technically look slightly better than BTC, but in the case of a drop, Bitcoin will drag the entire market down.

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