Daily Analysis: BTC, ETH, BTTOLD, AMP, ORDI

07.12.2023

Markets are on bull activity today, with the global market cap sitting 0.5% above its previous 24-hour mark, as the total cap stands at $1.6T as of press time. The fear and greed index is 81, as greed now dominates. The global trading volume is 21% down in 24 hours, at $67.1B as of press time.

Bitcoin Price Analysis

Bitcoin (BTC) is still riding on bull activity, as the Bitcoin price stood at $43.8K as of press time after recording a daily increase of 0.43% and a weekly rise of 16%. As a result of the Bitcoin price, the token’s trade volume dropped by 35% during the same period and is presently at $25.8B.

The Bollinger bands are moving close to each other, showing low volatility levels on the Bitcoin price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Bitcoin price despite today’s rise.

BTC 1-day chart | Sorce: TradingView

Ethereum Price Analysis

Ethereum (ETH) is still riding on bear activity, as the Ethereum price stood at $2,263 as of press time after recording a daily decrease of 0.39% and a weekly rise of 11%. As a result of the Ethereum price, the token’s trade volume dropped by 30% during the same period and is presently at $11.1B.

The Bollinger bands are moving close to each other, showing low volatility levels on the Ethereum price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on the Ethereum price.

ETH 1-day chart | Sorce: TradingView

BitTorrent Price Analysis

BitTorrent (BTTOLD) is facing massive corrections, as the BitTorrent price stood at $0.00006495 as of press time after recording a daily decrease of 86% and a weekly drop of 84%. As a result of the BitTorrent price, the token’s trade volume jumpped by 1896% during the same period and is presently at $45.3M.

The Bollinger bands are wide apart, showing high volatility levels on the BTTOLD price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on the BitTorrent price despite today’s rise.

BTTOLD 1-day chart | Sorce: TradingView

Amp Price Analysis

Amp (AMP) is still riding on bull activity, as the Amp price stood at $0.0033 as of press time after recording a daily increase of 32% and a weekly rise of 41%. As a result of the Amp price, the token’s trade volume jumped by 2369% during the same period and is presently at $133M.

The Bollinger bands are moving close to each other, showing low volatility levels on the AMP price. The Relative Strength Index (RSI) is below the average line, showing bull dominance on the AMP price.

AMP 1-day chart | Sorce: TradingView

ORDI Price Analysis

ORDI (ORDI) is also riding on bull activity, as the ORDI price stood at $3.2 as of press time after recording a daily increase of 3% and a weekly rise of 175%. As a result of the ORDI price, the token’s trade volume jumped by 54% during the same period and is presently at $2.3B.

The Bollinger bands are moving far apart, showing high volatility levels on the ORDI price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the ORDI price despite the rise.