Market Analysis of December 4th, 2019

Dec 4 · 2 min read

The marketcap has been moving down (-0.84%) since yesterday. The total capitalization is 195 450 719 252 USD.

Bitcoin totals 130 425 479 854 USD of capitalization for a dominance of 66.6%. Ethereum’s marketcap is 15 908 098 023 USD, followed by Ripple with 9 245 389 418 USD.

Bitcoin Analysis

The price dropped to the bottom of the liquidity range, reaching a low of $7085.

Currently the price is bouncing back and trying to break the $7200. However, there is still some liquidity around $7,000 that could allow a better rebound if the $7,200 is not broken.

From a technical point of view, the indicators are starting to show signs of a bullish turnaround in the medium term, so it is possible to expect a positive reaction in the coming hours/days.

What to do about it?

Wait and see!

  • The supports of the day are at 7000$ — 6800$
  • The resistances of the day are at 7800$ — 8000$

Ethereum Analysis

The old resistance of the inverse head and shoulders reacts well as a support for the moment and it seems that a new test has been carried out on this new support.

From a technical point of view, the situation is the same as for the BTC, the indicators are beginning to show signs of reversal in the medium term.

  • The supports of the day are at 143$ — 140$
  • The resistances of the day are at 146$ — 157$


Wait and see if BTC and ETH are bullish, then place your stop loss

You can join us on Telegram for a follow-up of the market throughout the day.

For any question, our team will be happy to answer you on our support which is open 7/7 days.

For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.


Written by


Business Developer at 4C Trading| Experienced Writer about Blockchain and Cryptos | Cryptography passionate.


4C-Trading is a team of professional market analysts, lawyers and marketing veterans with years of experience in the cryptocurrency and financial markets. We provide qualitative signals, information, analytics and advice on cryptocurrencies.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade