WEEKLY CRYPTO MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index gained by 0.15% in the last week. Nasdaq is consolidating within the triangle pattern, an immediate support is expected at 14500 and resistance is expected at 16500 level.
The top gainers for the week were Sirius, Diamondback Energy & Fastenal gaining 12%, 10% and 7% respectively
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market continues to stay in the NEUTRAL zone. Compared to last week, the Fear & Greed Index has declined from “50” to “47”.
aSOPR for this week is equal to 1 which means investors are selling their Bitcoins at their purchase price.
CVDD-TERMINAL PRICE CHART INDICATOR
The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.
The number of unique addresses holding 10 BTC and more has reached an ALL TIME HIGH. The usage and adoption of Bitcoin network is trending upwards
$BTC Price corrected by 2.73% in the last week. It closed slightly below the 20 week moving average which is a sign of weakness. The immediate support is expected at $25,000 and resistance is expected at $32,000.
ETH/BTC has broken the triangle pattern towards the downside, we could see weakness in ETH/BTC pair. It corrected by 1.92% against BTC in the last week, the immediate support is expected around 0.053 and the next resistance is expected around 0.061 level.
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