#MarketPullback Crypto market capitalisation has fallen 4% in the last 24 hours to 3.4 trillion, taking a hit from another failed attempt by Bitcoin to break above 100k. As one would expect, the failure of the leading coin to grow is sparking hesitation among supporters of smaller and more volatile coins.
The Cryptocurrency Fear and Greed Index is at 78 (extreme greed), as it was the day before, but it now looks like a lagging indicator that doesn't account for the latest dip.
The bulls in Bitcoin once again failed to consolidate above 100K on Monday, which was followed by an impressive sell-off, bringing the price to 94K at the lowest point. There is still a wall of orders clearly visible intraday, keeping the price below 95K for a long time, but the interest in selling above 100K remains unsatisfied until the end.
We still see the potential for the first cryptocurrency to rise into the 120K area once it overcomes resistance at 100K.