Bitcoin has started the last day of the workweek in a positive mood. At press time, the largest cryptocurrency by market cap is trading at $46,161.81 (+2.13%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has risen to $3,212.36 (+2.53%), while Binance Coin has increased by 4.64% and is now trading at $403.31.
FxPro's team of analysts say:
"Bitcoin has experienced a slight rise and is currently trading at around $45,200. The benchmark crypto is now at a crossroads. The ability to stay near occupied levels helps keep the bears out of the way, however, the balance remains quite fragile. To continue to grow, BTC needs to not only hold positions, but also show new momentum. At the moment, Bitcoin needs to confidently break above $48,000 to talk about the continuation of the uptrend.
If we talk about a completely bullish scenario, then the rally will be set in motion only if Bitcoin approaches $60,000. Therefore, Bitcoin has a long way to go, and it is much easier to reverse the decline now than to show such an impressive growth momentum.
The greed and fear index for Bitcoin and the largest cryptocurrencies remains unchanged at around 70, which corresponds to the 'greed' area. The RSI for the BTC/USD pair on the daily chart shows a slight decline from the overbought area. It is likely that market manipulation will continue and Bitcoin will continue to receive impulses from buyers, but it is hard to imagine that growth is possible without major triggers such as large purchases by Tesla."
According to CoinMarketCap’s ranking, all currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,939,895,677,287.
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