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In this article, I am going to perform a cryptocurrency market analysis for top-ranked cryptocurrencies by using so many analytical tools and already available data. Also, you might find some direction to determine the upcoming crypto market behaviors, and maybe it helps to find good investment opportunities. Individual technical analysis for all cryptocurrencies will not possible in this single topic so especially for BTC/USD, I am going to perform technical analysis with a forecast. So many guys are facing difficulties to understand how technical analysis is performed. If you are still a novice in Technical Analysis, I expect you guys to read this topic. I have really tried my best to make the language as simple as possible but if you are still facing difficulties to understand something in this topic, you might ask me questions in a comment. So let's get started, read slowly by observing all the chart, I think you say aH-Ha at the end. Market Overview When Bitcoin was created for the first time with blockchain technology, over time it has inspired so many altcoins to come into this existence. Bitcoin blockchain size is rapidly increasing and the current Bitcoin blockchain size is reported to be 302.22GB. It indicates how Bitcoin is gaining a reputation from the community. You can have a look at the increasing size of the Bitcoin blockchain since its creation in the following chart. The higher the Bitcoin blockchain size, the higher is the use cases of Bitcoin in this world. I have created this chart based on the Bitcoin blockchain size 2010-2020 published by Shanhong Liu Just like the Bitcoin blockchain, the size of other blockchains is also rapidly increasing. We have seen strong growth in the global cryptocurrency markets especially during 2014-2019. If we check the historical data, 2018 was the special year for the global cryptocurrency market as the total market cap reached approx. $440.762B. In 2020, Crypto Market faced so many obstacles and up-down. The notable factor to cause a massive price drop of most the cryptocurrencies in 2020 was the COVID-19 outbreak. Due to the pandemic, Bitcoin's price was seen under the $5000 mark. Despite the COVID-19 outbreak to compromise the usage of blockchain solutions in the cryptocurrency markets, total spending amounts in cryptocurrency will still remain at a higher mark than the previous year. Like in previous years, again Binance, Coinbase Pro, Kraken, and Bitfinex were the key crypto exchange in 2020. Global Crypto Adoption Index According to blockchain analysis company Chainalysis, the crypto adoption rate is increasing all over the world. The company has proposed the Global Crypto Adoption Index(GCAI) by considering the parameters and metrics like cryptocurrency adoption rates all around the world, cryptocurrency usage patterns, and crypto spread towards the different wallets. GCAI exhibits the number between 0-1 and Ukraine is the leading country with a score of 1. Chainalysis has involved 154 countries to show their individual GCAI score. The increasing global cryptocurrency adoption rate is a good sign of more cryptocurrency trading opportunities. So I involved this Index in this article for consideration. Source:-Chainalysis Total Market Cap of cryptocurrency The current Total Marketcap is approx. $440.762B, Highest Marketcap was approx. $761.057B was reported on Jan 06, 2018. Current Total Marketcap Excluding BTC $150.013B, Highest Marketcap was $502.527B on Jan 06, 2018. Total Market Capitalization Dominance Bitcoin is dominating all other cryptocurrencies in the case of total market cap and 24-hour trading volume. Source:-Tradingview If we locate the current statistics, it is clearly seen more than 66.02% of the total market cap is occupied by Bitcoin in the cryptocurrency market. Ethereum, Tether(USDT), and Ripple(XRP) are at second, third, and fourth positions with 11.17%, 3.82%, and 2.61 % of the total market cap respectively. I have designed this chart based on the real-time (11-6-2020) data provided by Tradingview So these are the brief statical overviews of the cryptocurrency market based on history and already available data. This information also helps us to make further trading strategies. Market analysis for BTC/USD If we locate the Jul-Nov 2020 chart for BTC/USD, it is clearly seen, the market has been experiencing ups and downs. The price of Bitcoin is following the less volatile market during Jul-Aug. In September, the chart exhibits a massive oversold or bearish market. The current price of Bitcoin at the time of writing is around $15,490.85 and it has followed the overbought market(Bullish) on Nov 05. You can see in the chart, overall, the market is following the bullish trend over the past few days. Today, it is seen, the market is following quite bearish and it can find support around $13520.22. Take a look at the following chart. Some Analytical Tools Moving average convergence/divergence (MACD) MACD (blue) crossed to be above the signal line so traders may purchase Bitcoin. (Note:-If MACD is appeared to be below of Signal line then the trader may sell their BTC holding). Caution:-MACD exhibits so many reversals that may not occur. Sometimes traders may get confused to predict the real price reversal. Relative Strength Index (RSI) RSI value is seen as 83.91 that is above 70, indicates market behavior is bullish. Caution:-RSI is not always helpful to predict the right market momentum sometime it can exhibit false signals. The moving average(MA) As you can see in the following chart with three MA 5,8, and 13 close respectively, strong support for Bitcoin can be $13520.22. The moving average (MA) Cross Currently, MA is seen above the Smoothed Moving Average (SMMA), which indicates the market is following a bullish trend. MA(50,200) Crossover The golden cross(Bullish crossover) isn't currently seen in the chart. You can see MA 50-day is moving above MA 200-day that still helps us make trading strategy like the market is following bullish trend. The on-balance volume (OBV) The price of BTC is seen slightly falling so OBV is flat-lining. Know more about OBV here. Crypto Fear and Greed Index This index shows the value between 0-100. The index helps to predict possible market behaviors for significant cryptocurrencies. If you observe Index value 0-50, indicates fear(Bearish or Oversold market). If you observe Index value 50-100, indicates greed (Bullish or Overbought). Check details in this topic. So current CGFI value is 88, which means it indicates extreme greed i.e., the market is bullish and it can be an excellent time to sell your holdings. Conclusion:- Based on already available data, it is seen the usage of blockchain solutions is increasing day by day. The global adoption rate of Bitcoin and other cryptocurrency is increasing (Circulating supply of Bitcoin and other important currencies are finding their way to the wallets of small investors) which is a good sign future of the cryptocurrency market. In the case of current Bitcoin and other cryptocurrency markets, the market is following a bullish trend. Thank You!