Bitcoin Price Analysis on December 4: The Harbingers of a New Falling

The activity of participants in the market continues to fall, and this is evident in the decrease in trading volume and volatility. As we said yesterday, there was a fall in the zone of $7,100 - $7,200. But most likely, this is only the beginning, as there is practically no resistance from buyers.

On the Bollinger Bands, the situation is still negative, as the price remains below the moving average and can not break it. Stochastic and RSI indicators rested at 50% resistance and turned down.

Bitcoin Price Levels and Technical Indicators Analysis

Most likely, today, there will be a new attack on the position of buyers, and if they do not hold $7,000, we can expect bitcoin in the region of $6,500. Currently, it is in that area that a local support level has formed.

Total market capitalization continues to fall, this time dropping to $195 billion. Trading volume fell 10% and stopped at around 54 billion. The dominance of bitcoin has grown by one-hundredth of a percent and is equal to 66.6% at the moment.

Altcoin Market Dynamics and Crypto Security Updates

Most altcoins followed Bitcoin and showed negative dynamics over the past day. Only 18 coins in the Top-100 were able to add value to the dollar. And the best among them was Ravencoin with a score of + 16.88%. The growth of the coin is associated with a positive community reaction to the technical update of the project.

The leader in the fall was Mindol, which lost more than 20% of its value per day. It must happen, because, since the beginning of November, the coin has grown more than ten times. Now the correctional phase has begun, during which market participants began to get rid of the cryptocurrency.

Yesterday it became known about another attack in the crypto industry. This time the victim was the coin Vertcoin, which was attacked by a well-known community attack of 51%. But, according to the developer of this cryptocurrency, hackers have not benefited from this.