Technical analysis Bitcoin BTC/USD - 20.05.2018

in #bitcoin • 6 years ago

Another fall of capitalization by over 22.5 billion USD over the past week has resulted in an increase in Bitcoin's dominance. It is now over 37%. The top ten in the cryptocurrencies ranking, with the exception of Iota, recorded a price increase in the last 24 hours.

200518btc1.png

A week ago BTC price reached the support in the form of abolition of 50% Fibo of the last growth impulse. Unfortunately Bitcoin did not manage to attract buyers here and the price dropped to 7 900 USD. If this level does not save the price against further declines, they can reach even the level of 5 800 USD.

200518btc2.png

Mempool
Below chart of the mempool (last 7 days). Right now fee is 4.2 / byte. The average weekly fee was 1.0 sat / byte.
200518btc3.png

Blockchain
Transactions on the most active blockchains (7 days average)
200518btc4.png

#trading #crypto #investment #cryptocurrency
6 years ago in #bitcoin by
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