Markets have also started on the slight bear activity today, with the global market cap recording a 0.54% decrease daily to take the total cap to $1.09T as of press time. The fear and greed index is also now at 40, as greed creeps back into the markets.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bear activity, trading at $27.2K after recording a daily decrease of 0.65%, as the weekly rise now stands at 2.9%. Bitcoin’s trade volume jumped by 52% during the same period, presently at $14.6B.
The Bollinger bands are converging, indicating that the volatility of Bitcoin is dropping. The Relative Strength Index (RSI) is now above its average line as bulls try to push out of the oversold region. The MACD also now moves in the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has started today on mild bear activity, as the asset now sits on a drop of 0.76% within a day of trading to take it to $1705 as the trading volume dropped by 60% to take it to $4.5B as of press time. ETH’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now above the average as bulls dominate. The MACD indicator also moves in the green zone showing bull dominance.
Litecoin (LTC) Analysis
Litecoin (LTC) also encountered minor bear activity, trading at $67.73 after recording a daily decrease of 0.09%, as the weekly gain now stands at 2.9%. LTC’s trade volume also dropped by 50% during the same period, presently at $277M.
The Bollinger bands are now converging indicating that the volatility of LTC is dropping. The Relative Strength Index (RSI) is also above its average line as bulls try to dominate. The MACD is also moving in the green zone.
Pepe (PEPE) analysis
PEPE has also started on the bear activity today, as the asset now sits on a drop of 2.3% within a day of trading to take it to $0.0000008651 as the trading volume dipped by 59% to take it to $52.8M as of press time.PEPE’s volatility levels are slowly increasing as the Bollinger bands diverge slightly
The RSI indicator is now below the average as Pepe bears dominate. The MACD indicator also moves in the red zone, again showing bear effort on the Pepe coin.
Bitcoin Cash (BCH) analysis
Bitcoin Cash (BCH) has however encountered minor bull activity, trading at $219.42 after recording a daily decrease of 0.4%, as the weekly gain now stands at 14.3%.BCH’s trade volume also dropped by 40% during the same period, presently at $262M.
The Bollinger bands are now converging indicating that the volatility of BCH is dropping. The Relative Strength Index (RSI) is also above its average line as bulls dominate. The MACD is also moving in the green zone.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-pepe-ltc-bch/