analysis market cryptocurrency 14 / 07 / 2017

Market overview in the past:
The entire market fell as BTC fell through the 2450 (BTC-E) hook on July 10.
The market capitalization of the market is $ 76 billion.
Market capitalization is declining. In my opinion, there are several factors that affect the market:

• Investors are keen in taking bitcoin SW
• The two exchanges were attacked by hackers repeatedly: bitthum and ADX exchange as investors fear + plus the unclear of Poloniex locking Zcash to increase the pressure sold in the market. So market recovery after some information from the hearing of the Fed and the G20 has decreased.

• ALTcoin market price reduction: In the last two weeks the altcoin market is not affected by bitcoin but from ETH.
  Specifically, bitcoin prices are down by a few percent but ALT prices drop by 10% to 30%
  We see the strong influence of ETH on the altcoin when looking at the morphology of ETH versus altcoin.

• ETH reduced nearly 50% of the value in the past two reasons:
  Firstly, as reported by the bitthunder trading platform was attacked: the world's largest trading platform ETH. Attack information + with the sale of hackers pushed prices down sharply
  Second: Large ICOs are now running on ETH platforms after mobilizing a large amount of ETH they have sold in dollars to serve business purposes.
  These are the two main reasons that affect the price of ETH and the ALTcoin market.
  The total market capitalization of the current ALTcoin market is less than $ 40 billion.
  Part 2: BTC price analysis.
  BTC prices fell sharply after support support 2450 trend is too broken then price fluctuation in amplitude: 2245 - 2400
  After prices rebounded to the 2245 level but failed to penetrate the strong resistance at 2371-2400, the current price is reduced to 2215 BTC-E.
  BTC is in the strong support zone of the month at 2140-2200.
  We can buy BTC at 2200 - 2150 support point if the price declines in 2000 we cut losses.
  If it is safer than 2400 racket we buy.
  If the btc price drops around 2000 usd then the target price will be 1200 usd

Good luck
Remember you are the decider for your own investment
And always the decider