BTC dominance is currently at 53.7% (+0.1%). The total market cap is currently at $209.7 billion (+ $0.6 billion). The market volume of the last 24h was at $9.6 billion (- $0.1 billion).
There is no point in sharing some random news just to fill out our fundamental part of daily update and move to technical analysis. As you may see, the market volatility is at yearly low and the same situation is on media platforms. There is no single news article that could be interesting to discuss. That’s why we would like to give you few advices for current market situation!
Do not be so desperate about this market situation. It is negative for daily traders because it doesnt offer enough volatility but BTC is proving that it can be stable. That’s one of positive things because as a payment method one day, it has to be able to be stable.
Take your time and analyse coins you like and accumulate them at this low prices. They are accumulating too and price wont make up until they accumulate enough. If you miss bull run, it was your fault. Don’t say I wish I bought! Buy and then wait for it to happen! The main problem is lack of fresh money because people were buying all the way down and at the moment only few have fresh money to accumulate at this price.
Also, do not expect bull run like we saw in 2017. At that time we had lack of liquidity and moves of 20-30% or even 50-100% per day were normal thing. The liquidity these days is much bigger and it will be much higher to move like before but it will move. Maybe slower than before but it will move UP! Yesterday we had 2 situations where Bitcoin price was at the same price for 3 hours and 35 minutes. I do not know if that was record in near past but it was caused because there were enough buyers and sellers at that price. The liquidity is much bigger these days than it was year ago.