This Wednesday the bitcoin (BTC), according to data from Cointelegraph Markets Pro and TradingView, managed to pierce the key level of $27,000 to then fall back below that value to u$s 26,793 reaching a drop of 1.3% in the last seven days.
Meanwhile, the Index “fear and greed” from BTC brand 53 points in the day and it stays “neutral”. The purpose of this index is to quantitatively represent the current “emotions and feelings” in relation to Bitcoin and the cryptocurrency marketwith its maximum rating being 100.
Meanwhile, investors expect to break above the $27,000 level soon and start the new bullish trend for the largest cryptocurrency by market capitalization ranging between $38,000 and $42,000.
The reason why investors believe that the key level will be reached is because the 200-week rolling measure (MA), an important support level that, in $26,400just got lost for a few hours.
BTC alarmed users when it fell more than 4% to touch $25,000, a level that had not reached since March. In this sense, the price that the cryptoactive now registers It translates as a rebound that investors expected.
Likewise, the volume traded and the capitalization in the market increased in relation to the day before by 4.59% and 29.39% respectively and according to Coinmarketcap data.
ethereum
For his part, the second most relevant cryptocurrency It shows strong resistance and remains above its mark of US$1,800 and is trading at US$1,857.32 and the fall in the last seven days is slight (0.18%).
Source: Ambito
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