Technical analysis Bitcoin BTC/USD - 24.06.2018
Capitalization of cryptocurrencies market continues to fall. It amounts to just under 242.5 billion $. BTC domination during the week increased to 41.9%.
High Resolution Image
However, the price of Bitcoin is still falling and with surgical precision reached the support of 5,800 $ about which we have been writing for a long time now. We can see how from this place the upward reaction began. If the formation of a double bottom appears, we will be able to look for long positions.
This level coincides with the upward trend line from the weekly chart. This is a key place for defending the price against further falls.
Mempool
Below chart of the mempool (last 7 days). Right now fee is 2.0 sat/ byte. The average weekly fee was 62.35 sat / byte.
Blockchain
Transactions on the most active blockchains (7 days average)
