WEEKLY CRYPTO MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 0.80% during the last week. The immediate support is expected at 17,800 level and immediate resistance is expected around 19,000 levels in the coming week

The top gainers for the week were Micron Technology, Marvell Technology & Cintas gaining around 12%, 9% & 5% respectively.

The NASDAQ Index is expected to continue the upward trajectory.

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to remain in the GREED zone. Compared to last week, the Fear & Greed Index decreased from “79” to “76”

 

BITCOIN – aSOPR

aSOPR for this week is greater than 1 which indicates that the investors are selling their Bitcoins at Profits.

 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $345,000 

 

BITCOIN MVRV Z-Score

The period highlighted by the z-score (orange line) entering the pink box, indicates the top of market cycles. It also shows when market value is far below realized value, highlighted by z-score entering the green box. Currently we are in the middle of the bull cycle

 

Bitcoin chart

$BTC price corrected around 3% in the previous week. Bitcoin’s price is expected to continue the upward momentum, the immediate support is expected at $65K and resistance is expected at $83K

 

ETH/BTC

ETH/BTC pair is consolidating around the resistance of the descending channel. An immediate support is expected at 0.043 level and resistance is expected at 0.062 levels

 

XMINT BOT

XMINT Algo is holding 3 tokens in its portfolio out of which $PENDLE and $CKB are up 27% and 11% respectively 

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