From Friday’s low at around $135B the evaluation of the cryptocurrency market cap has been increasing and is currently sitting at $139,266,680,247.

The evaluation went a bit higher coming to $141,519,172,433 at its highest point over the weekend which was on Saturday.

Since the evaluation encountered resistance around its upper horizontal resistance level around the vicinity of the prior high a retracement has occurred with the evaluation currently starting to move in a downward trajectory as the minor high was a lower one.

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On the global chart, you can see that the evaluation moved to the upside in an ascending channel and since it came to its most upper resistance point we could expect to see a pullback at least to the support level of the channel.

The market is in mixed color today with an average percentage of change among top 100 coins ranging around 1.2%. Bitcoin’s market dominance has been declining and is currently sitting at 50.8%.

Bitcoin BTC/USD

On Friday’s open the…

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Source: https://thebitcoinnews.com/bitcoin-price-prediction-first-target-met-as-market-increases-over-the-weekend/