Investors add $ 12 billion 24 hours as bullish to cryptocurrency market

In the last 24 hours, $ 12 billion was added to the Cryptocurrency market, because major cryptokuras, including bitcoin, etherium, ripple and bitcoin cache, experienced short-term corrective rallies.

The breathing room, but not completely optimistic
BTC achieved $ 10,000, when Bitcoin was priced at $ 6,300 to $ 6,700, which was breaking descending trendline from May 3. Although it is very quick to conclude that BTC has entered the mid-term rally, because it is still likely to fall below BTC $ 6,000 in the short term, the Cryptocurrency Market has recently developed a breathing cell Which was started in the beginning of May.

The breathing room, but not completely optimistic
On yesterday's report, CCN noted that if BTC falls below $ 6,300, then it could potentially start another downward trend until the highest end of the $ 5,000 area. CCN also stressed that if BTC reaches $ 6,600 over a 24-hour period, then it is likely that BTC will stop possible steps in the $ 5,000 area.

So far, BTC has been able to remain relatively stable in the middle of $ 6,000, with some steady quantity and moving average, some speed is displayed for key cryptocurrency. But, if BTC is back in the $ 6,400 area in the coming days, then the BTC will probably continue its direction below.

Due to the sudden increase in the price of Volume and BTC, within 2 hours, investors have become more optimistic and enthusiastic in the market. If the investor wants to stay above BTC $ 7,000 mark in the short-term period, then he will have to reverse the recession by restoring the volume and continuing the current upper trend of BTC.

So far, on the basis of the BTC movement in the last 24 hours, it can not be concluded that BTC has restored its spirited spirit and is ready to go upwards. If BTC maintains its speed and quantity over the next two to three days and stays above $ 6,800, then there might be a possibility of moving toward $ 7,000.