Overview of the crypto market. 18th of March

Bitcoin price is above the 50-day and 100-day moving average ($ 5166 and $ 5261, respectively). If his course goes down, these levels will be a strong support. In order for the first cryptocurrency to return to $ 7000 and higher, it needs to pass key resistance at $ 6000. However, the charts say that the first cryptocurrency is not yet ready for a new rally, and most likely the price will be sideways for a long time between the resistance level at $ 6,000 and the support level at $ 4,800. The altcoin market is mainly located in the red zone. WAX (+ 18.13%) became the growth leader – the coin is growing amid news of a partnership with a large technology company, the name of which has not been disclosed. In the red zone, Bytecoin (-19.74%) and Golem (-8.67%) are traded. The cryptocurrency market capitalization level decreased by several billion and now amounts to $ 148 billion. The bitcoin dominance level is 63.2%.