First hurdle 👊

We didn't see much market activity in the past 24 hours. 😴 Total market capitalization traded within a tight range of ~USD 120.7 billion and ~USD 122.9 billion, and volume stayed consistent with that of the rest of the week's at ~USD 16 billion. Most coins are seeing either gains or losses in the ~1-3% range. 

BTC has seen a slight uptick of ~0.7%, steadily rising throughout the day from ~USD 3,620 to ~USD 3,670. RSI levels on the daily chart continue to remain in the ~44 levels, indicative of some market indecisiveness/ consolidation at the high ~$3,600 low ~USD 3,700 levels. Since early Jan, BTC has been forming lower highs and lower lows. On a more macro level, BTC's most immediate challenge is to clear its 50-day EMA line on the weekly chart - It broke down from that level on 19 Nov and that line has been acting as strong resistance ever since. 😣


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It broke down from that level on 19 Nov and that line has been acting as strong resistance ever since. 

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