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Bitcoin up today: +2% for its birthday

On the day that Bitcoin’s whitepaper celebrates eleven years, the price of BTC is up: today it marks a +2%.

Bitcoin is in positive territory on this historic day, despite the temporary drop in the night below the technical and psychological threshold of 9,000 dollars.

It is a day in perfect balance, 50:50 between the positive and negative cryptocurrencies. Among the positive crypto today there is just bitcoin that rises 2%, and it is the best of the top 10, as opposed to the queen of altcoins, Ethereum, which oscillates around the parity, same as Ripple.

bitcoin up today
Source: COIN360.com

Bitcoin is up today, although with lower intensity compared to the past few days, making it one of the best weekly performances since last Thursday’s levels.

After 7 days, bitcoin scores a performance that in the top 15 is only inferior to what Bitcoin Satoshi Vision (BSV) and TRON (TRX) are doing, both up 30%.

The best of the day among the top 100 is Molecular Future (MOF), an unknown token that in recent days with its latest performance has won the top 100 and now ranks 91st with just over 47 million dollars of capitalisation and a rise of 20%.

On the opposite side, the worst of the day is Noah Coin (NOAH) who collapsed by 61%, and lost positions down to 70th. Among the big ones, the most evident drop is for Iota (MIOTA), who loses 3%. Also Verge, a token in 73rd position but definitely more famous, loses 3%.

The total market capitalisation is doing very well and, despite the uncertain times, rises by 3 billion dollars, approaching 250 billion dollars. 

The dominance of bitcoin remains tied to 68%, Ethereum returns close to 8%. Despite the difficulties of recent days, XRP is consolidating its position at 5.2% of the market share.

bitcoin up today
Source: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC) price today

Bitcoin tries to consolidate prices above the $9,000 threshold, a technical and psychological level that in case of holding could attract new purchases and go to more ambitiously target the $10,400, which in addition to being the highest levels reached during the weekend and last month, it is also an area where the bearish trendline passes, containing the weak trend that connects the top decreases since last June, a level that therefore becomes crucial in the medium to long term.

Downwards, it is necessary not to go below $8,600.

bitcoin up today
Source: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Ethereum fluctuates at the levels of the last 5-6 days without giving particular indications except that the bullish push of the weekend at the moment does not find the necessary confirmation to be able to aspire to reach $200, technical and psychological area that since the beginning of October has seen the rejection of bullish attacks twice. 

For Ethereum it becomes necessary to find the strength to go beyond $200 and then aspire to return to $225, the highest of the last three months.

Downwards, Ethereum would suffer if prices were to fall below 160-165 dollars. 

 

Federico Izzi
Federico Izzi
Analista finanziario e trader indipendente – Socio S.I.A.T. & Assob.it. Opera attivamente sui mercati azionari e dei derivati (futures ed opzioni) dal 1997. Precursore dell’analisi ciclica-volumetrica è noto per aver individuato i più importanti movimenti al rialzo ed al ribasso sui mercati finanziari degli ultimi anni. Partecipa annualmente come relatore all’ ITForum di Rimini dall’edizione del 2010 ed InvestingRoma e Napoli dalla prima edizione del 2015. Interviene come ospite ed esperto dei mercati durante le trasmissioni “Trading Room” e “Market Driver” di Class CNBC, Borsa Diretta.tv e nel TG serale di Traderlink. Da luglio 2017 è ospite fisso su LeFonti.TV nell’unico spazio nazionale settimanale dedicato alle criptovalute insieme ai più importanti esperti internazionali del settore. Periodicamente pubblica articoli su ITForum News, Sole24Ore, TrendOnLine, Wall Street Italia. E’ stato intervistato in qualità di esperto di criptovalute per: Forbes Italia, Panorama, StartupItalia, DonnaModerna. E’ stato riconosciuto come primo analista tecnico italiano ad aver pubblicato la prima analisi ciclica secolare sul Bitcoin. Federico Izzi è… Zio Romolo
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