|Day's range||4,968.76 - 5,115.62|
|52-week range||4,230.79 - 17,459.65|
|Volume (24 hrs)||2.12M|
|Volume (24 hrs) all currencies||1.79B|
Bitcoin futures are trading below the cryptocurrency's spot price, signaling market participants have a bearish outlook on bitcoin over the coming months.
Bitcoin and legacy cryptos range bound on recent gains but it is unlikely to be starting point of bullish price rally.
If bitcoin breaks above a key moving average, it could be considered a sign a bearish-to-bullish trend change has begun.
A positive start to the week is usually a good sign for what lies ahead, though a break through to $3,800 levels is going to be needed.
LedgerX is launching LXVX – a "Bitcoin Fear Index" similar to the VIX, a popular volatility benchmark in the stock market.
Crypto bulls lack strength as news driven momentum dies down increasing losses
It’s a positive start to the day, though a move through to $43.2 levels is going to be needed for Monero’s XMR to avoid a reversal later in the day.
Sub-$3,700 support was called upon early in the day to test investor nerves, with Bitcoin needing to make a move early to avoid another sell-off.
Despite short news driven momentum every now and then, clear lack of fundamental support has resulted in multiple dead cat bounces with more downside price action likely in near future.
Bitcoin’s price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100.
Profit booking activity amid lack of fundamental support to retain momentum from recent recovery rally has caused major crypto’s to erase all gains and move back to weekend price levels.
The prevailing downtrend could continue in the coming sessions but ETH seems to have firm foundation which helps stay above $150 handle.
Bitcoin's recent pullback from highs above $4,200 could trap the bears on the wrong side of the market, the price-volume analysis indicates.
It’s a red start to the day for Monero’s XMR, with a move through to $50 levels needed to shift sentiment and bring resistance levels into play.