Technical analysis Bitcoin BTC/USD - 04.03.2018

With over 34.5 billion USD, capitalization on the cryptocurrency market grew during the week. Bitcoin's dominance has also strengthened and now stands at over 41%. Although the BTC price has dropped by almost 3% over the last 24 hours, the price has risen from $ 9,500 to over $ 11,000 over the entire week.

On the Bitcoin chart, you can see how support 9 500 USD was a place of attack by the Bulls. At the intersection D1, a strong growth marubozu candle was created here. We are still under 12 000 resistance, which we have already written in previous analyzes, so the growth scenario remains unchanged.