Bitcoin

Bitcoin Market Report: BTC/USDT Down -8.51% on the Week

Brief:


Bitcoin is down -0.23% on the day, down -8.51% on the week and up 5.81% on the month on a last price of 824.00. BTC/USDT is trading between a 24hr high of $836.04 and a 24hr low of $816.17 on a 24hr volume of 932111 USDT or 1126 BTC. The weekly trend is mixed.

Last price

824.00 BTC/USDT

$USD

last price $ 824.00
one week ago $ 900.62
percentage -8.51%

Volume

Volume

The 24 hour volume on Poloniex is 932111.24232884 USDT or 1126.66441139 BTC.

Remarks

In a move which is possibly the most significant in a year, the two high leverage Chinese bitcoin firms have pulled out from margin trading:

Altcoin trader feedback has been positive with some saying the bitcoin price will become much more stable and less volatile. No doubt the exchanges are happy too, as one recent tweet suggested a one transaction shorting loss of -$243,000 in the recent bitcoin price rally.

Bitcoin One Month Chart

The one month chart shows where the rally took off and declined:

chart-btc-usdt-1month-4hours-2017-01-14

The Fibonacci overlay pins the current price at the beginning of the third retracement step.

Get the weekly detail on the Featured Chart.

Two Year Bitcoin Chart: BTC/USD
piechart-marketshare-btc-usd-2year-2017-01-14

Bitcoinity.org data shows market share of major BTC/USD exchanges over two years. The top three are OKCoin, Bitfinex and Bitstamp, with BTC-e holding down fourth position in total BTC/USD marketshare. This is a fractional market. Sales in BTC/CNY are exponentially larger.

Two Year Bitcoin Chart: All Currencies
By comparison, here is the pie chart for the same two year period including all currency trades. OKCoin, Huobi and BTCC are firmly entrenched in the top three positions. As seen before, these three Chinese exchanges account for 94.13% of all bitcoin traded in the last two years:

piechart-marketshare-btc-all-currencies-2year-2017-01-14

Price change

Price change is the percentage change within the period:

period change
day -0.23%
week -8.51%
month 5.81%

Featured Chart

Tap or click chart to enlarge:

chart-btc-usdt-1week-2hours-2017-01-14

Data source

Poloniex 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 $ 13,268,377,600
Available supply 16102400
Last price $ 824.00

Daily High Low

daily high 836.04
daily low 816.17

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 816.17
week 751.00
biweekly 751.00
month 751.00

Resistance

Resistance is the highest price within the period:

period resistance
day 836.04
week 939.65
biweekly 1159.10
month 1159.10

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 19.87000000
week -76.62000000
month 45.28000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin is down -0.23% on the day, down -8.51% on the week and up 5.81% on the month. The weekly trend is mixed. BTC/USDT saw weekly support at $751.00 and weekly resistance at $939.65. Market sentiment is neutral.

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 January 14 2017 21:44 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

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

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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