Bitcoin dropped to the $28,000 to $31,000 support zone but the positive sign is that the bulls again bought this dip. This suggests that buyers are accumulating at lower levels. The bulls will now try to push the price above the 20-day exponential moving average ($35,148). If they manage to do that, it will suggest that the selling pressure may be reducing. The positive divergence on the relative strength index (RSI) is also pointing to a possible relief rally.

The Top-10 cryptocurrencies are traded the green zone. Ethereum +5.8%, Dogecoin +3.8%, Ripple +3.2%.

Market capitalization: $1.42T (+4.58%)
The BTC dominance: 45.60% (-0.09%)
Fear & Greed Index: 25 (Extreme Fear)

https://cryptorank.io/heatmaps

👉 Top Gainers

BASIC (BASIC) +80.5%
Internet Computer (ICP) +46,4%
Meme (MEME) +39.1%

👉 Top Losers

Lambda (LAMB) -47.3%
AdEx (ADX) -29.9%
xFund (XFUND) -25.7%

BTC Futures

Aggregated Volume — $65.25B
Aggregated Open Interest — $9.61B

👉 Derivatives Market Analytics

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