Bitcoin Market Report: BTC Soars to $603

Brief:


Bitcoin is up 3.38% on the day, up 13.27% on the week and up 28.63% on the month on a last price of $572.09. BTC/USD is trading between a 24hr high of 603.45, a 24hr low of 562.95, in a weekly up trend.

Last price

572.09 BTC/USD

$USD

last price $ 572.09
one week ago $ 505.07
percentage 13.27%

Remarks

Bitcoin tested the $600 level only days after breaking through the $500 mark. OKCoin data shows a whopping high of $603.45 on their spot chart, illustrated.

The downside is that altcoins tend to trend lower with a large bitcoin rise. Today was no exception with many coins in the red on Poloniex.

The upside of the hefty bitcoin price rise was that BTC exchanged well against any fiat on a BTC withdrawl. Fiat deposits were the opposite, exchanging poorly on the increased BTC price.

Price change

Price change is the percentage change within the period:

period change
day 3.38%
week 13.27%
month 28.63%

Chart

Tap or click chart to enlarge:

chart-okcoin-2016-06-04

Data source

Okcoin is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 8,935,745,453 15619475 $ 572.09

Indicators

Daily High Low

daily high 603.45
daily low 562.95

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 562.95
week 500.34
biweekly 434.86
month 434.86

Resistance

Resistance is the highest price within the period:

period resistance
day 603.45
week 603.45
biweekly 603.45
month 603.45

Range

Range is the difference in price within the period:

period range
day 40.50000000
week 67.02000000
month 127.32000000

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitcoin is up 3.38% on the day, up 13.27% on the week and up 28.63% on the month. The weekly trend is up. BTC/USD saw weekly support at 500.34 and weekly resistance at 603.45. Market sentiment is bullish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Saturday June 04 2016 20:08 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Bitcoin, Okcoin, BTC/USD, Brief, Last price, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags