Greetings to all readers of this great platform, especially to those who make life within the great community of #ProjectHOPE, in the present I want to talk a little about the crypto market and its behavior in recent days, which have been very striking and really can be considered as a very good moment of the crypto market, with which we can talk a little mainly about the Bitcoin and the response of the market in general.
 Screenshot taken at: Binance |
|---|
Many days ago the crypto market has been having a really very striking behavior, because the same is generating an area with great strength, it is usually common crypto market corrections that generate the decline in prices and begin with it to generate or consolidate the current area and thereby determine the strongest supports and resistances of the current market, considering which can be the accumulation channel.
Yesterday, the crypto market being a little more specific the BTC, generated a market situation that could be considered at least worrying, the same is having an accumulation zone between 102k and 94k but yesterday suddenly fell to 90k with which alarms were lit thinking that the market zone was being lost , but actually there is a very strong support and began to rise rapidly once again being today at 97k.
On the other hand, observing a little what the market is doing in general, we have seen how many Altcoins have a lot of strength, despite the great momentary fall of BTC, the rest of the crypto market did not suffer great falls, seeing a quick recovery and generating a market area in general with great strength, among these Altcoins we can name STEEM being a token that did not see the damage practically, as well as HIVE who recovered quickly, with which we are in a very good moment for the market in general.
