Movement on crypto markets has been minimal all week and nothing has changed as we begin the weekend. The majority of crypto assets have done nothing since yesterday and total market capitalization is still holding just above $120 billion.
Bitcoin dropped to an intraday low of $3,575 before testing resistance at $3,600 again. It is flat on the day and still cannot push through this level. Since last Saturday’s mini rally Bitcoin has lost 4% but remained static all week, the next movement is likely to be swift and at the moment the bears are still in control.