The last seven days were the days of the halving for BTC: the market obviously waited for the event and was hugely conditioned by it. Investors hoping for an acceleration of the uptrend going on for weeks were, however, disappointed. Small projects overperformed the field once again but were just marginally positive, with Mid-cap lagging and Top projects falling behind.
In the after-halving day, we take a look at the technical setting for BTC. Our selection of indicators is clearly affected by the movementof the last weekend. MACD has just turned negative, while both RSI and CCI are not giving a clear indication. ADX is also signaling a weakening uptrend, while Vortex is signaling the same and could be near to a sell signal.
GENERAL OVERVIEW In this report, we try to provide an overview of the crypto market during the last […]
With less than 10 days to the much anticipated halving event, Bitcoin clearly overperformed the rest of our sectors during the past seven days. BTC crossed the 9000 USD mark on April 30th after crossing the 8000 USD mark on April 29th. It reached a high of 9460 USD and then fell back under 9000 USD after facing the resistance line coming from the all time high price and passing through the relative peak levels.
The last thirty days saw a general strong uptrend for the market. Bitcoin paved the way with a very strong performance which cancelled the fallback of March. Altcoins followed united, with all the sectors and the sizes of projects which performed very well on aggregate.