Vancouver Island, Canada
Data as of 19:00 UTC March 31 2016 except as noted.
$BTCUSD down -4.60% on the month
Bitcoin is up 1.02% on the day, down -4.60% on the month and up 41.57% on the year:
Price change $BTCUSD
Big data research: B-WAP
Big data blockchain firm @BraveNewCoin is pushing the envelope in data research once again. Their latest product is B-WAP. According to their website:
The “block weighted average price”, or B-WAP, is a new indicator, price discovery mechanism, dataset and API.
Realizing blocks as a measure of time, BNC dynamically calculates an accurate market bitcoin price for each block in the blockchain.
@KittyBitcoin chatted with Fran Strajnar, CEO of BraveNewCoin, and he remarked:
“The BWAP excites me because it is the first time we can have a programmatic way to value bitcoin transactions. By doing so we have also uncovered new methods of price-discovery which leads us to believe the nature of programmable value will offer a transparent set of tools to augment inefficient market structures and evolve them into an inter-operable, highly efficient and transparent new global framework.”
The BWAP statement generator is available free on the BraveNewCoin website:
In our 30 day market summary the bitcoin price has seen a brief rise to $427.78 from $418.26 two weeks earlier on March 15 2016. It’s down on the month -4.60%:
21 day chart
The OKCoin chart shows 21 days of $BTCUSD:
Support & Resistance
The two major support lines are drawn in yellow. We have seen a low of about $ 396 for the month and a mid month low of $396.14. A weekly low of $404.68 has seen rising prices since.
The bottom support in 30 days is near $403.02 – which we have seen several times at mid month. The upper support is seen at about $410 and this is seen recently as well as about a month ago.
Resistance is drawn in purple. $427 is top end resistance in recent days. A month ago resistance was seen at around $420. At mid month $417 was the barrier.
These are subjective estimates of BTC market sentiment:
• market begins to recover from recent slide
• $US dollar reverses losses as traders return from Easter Break
• Commissioner J Christopher Giancarlo of Commodity Futures Trading Commission (CFTC) has positive outlook on blockchain technologies
• media transforming “bitcoin” into “blockchain ledger technology”
Here’s a different data source; BitcoinWisdom offers a continuously updated snapshot of some of the larger bitcoin exchanges:
Global bitcoin markets
The global BTC markets indicate the relative size of each BTC pair, last price and 24 hour change. The 24hr volume of all the pairs below totals: $ 190,794,365:
The percentage of each market is:
So we see that when we look at just BTCUSD we are focusing on less than 13% of the total market – at least according to today’s numbers.
Bitcoin exchange market share: all currency pairs
This chart shows “all currencies” traded in the thirty day period. The overall ranking shows little change from two weeks ago. The only positional change is a drop by Bit-x from number three (3) to number six (6). Even with this plunge @Bitx2014 volume still exceeds @Bitfinex by almost one hundred thousand (98,000) bitcoin for the 30 day period:
$BTCUSD volume & market share
The thirty day $BTCUSD piechart is below. Bit-x has slipped a couple of notches from the previous report. @Bitfinex is “back in the saddle again” – but for how long?
The KittyBitcoin website is sporting a mobile friendly bitcoin key intelligence section offering market summary information at a glance:
Bitcoin is UP 1.02% on the day, DOWN -4.60% on the month and UP 41.57% on the year. BTC saw weekly support at $410 and resistance at $427. The trend line is BULLISH and overall sentiment is NEUTRAL.
Past history is not an indicator of future performance. For the legal disclaimer read here.
Check out the latest Ethereum Market Report: “Breakout to 6 day high”.