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The general mood of the cryptocurrency ecosystem is toned down on June 15, with most altcoins trading flat while Bitcoin bulls (BTC) look for a daily close above $ 41,000, a sign that the market may evolve in favor of the bulls.
Data from Cointelegraph Markets Pro and TradingView shows that in the last few hours the price of Bitcoin has climbed to $ 41,330, but the breakout was quickly satisfied by selling at higher resistance levels.
4 hour BTC / USDT chart. Source: TradingView
Another indicator of investor sentiment highlighted by Rekt Capital is the Exponential Moving Average (EMA) of 200, which Bitcoin attempted to break above on Tuesday but was firmly rejected.
The 200 EMA (black) is a long-term indicator of investor sentiment
When #BTC is above 200 EMA – investors are bullish on Bitcoin $ BTC is trying to break above 200 EMA right now #Crypto #Bitcoin pic.twitter.com/uOlDfBoB0i
Rekt Capital (@rektcapital) June 15, 2021
Bitcoin’s rejection at the 200 EMA was followed by a quick sell-off to $ 39,500, showing that a possible decline is not ruled out.
A few altcoins rally to positive news Daily performance of the cryptocurrency market. Source: Coin360
While most of the altcoin market saw a price drop on June 15, Shiba Inu (SHIB) rose 33% after it was revealed that token trading would be supported on Coinbase Pro on June 17.
Inbound transfers for CHZ, KEEP & SHIB are now available in regions where trading is supported. Traders cannot place orders and no orders will be executed. Trading will begin at or after 9:00 am PT on Thursday 6/17, provided liquidity conditions are met. https://t.co/r2L6N477Uj
Coinbase Pro (@CoinbasePro) June 15, 2021
Following the announcement, Chiliz (CHZ) and KEEP also gained 18% and 10% respectively.
Icon (ICX) has also received a boost following the release of a new blockchain compatible with Ethereum (ETH) Virtual Machine (EVM) called ICE. ICE is expected to become the application center of the Icon project and will have its own native token.
Cointelegraph Markets Pro’s VORTECS data began to detect a bullish outlook for ICX on June 13, ahead of the recent price hike.
The VORTECS Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trade volume, recent price movements and Twitter activity. .
VORTECS score (green) against the ICX price. Source: Cointelegraph Markets Pro
As shown in the graph above, the VORTECS score started turning green on June 12 and finally peaked at 75 on June 13, 10 hours before the price rose 35% over the two days. following.
Other notable performances of altcoin include a 22% jump over Amp (AMP) and a 20% gain for iExecRLC (RLC) and Ultra (UOS).
The overall cryptocurrency market cap is now $ 1.685 trillion and the Bitcoin dominance rate is 44.6%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move comes with risk, you should do your own research before making a decision.
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