Bitcoin Market Report: BTC/USDT Down -4.26% on the Week

Brief:


Bitcoin is up 1.76% on the day, down -4.26% on the week and up 24.13% on the month on a last price of $1027.00. BTC/USDT is trading between a 24hr high of $1032.13 and a 24hr low of $1002.32 on a 24hr volume of 760495 USDT or 750 BTC. The weekly trend is sideways.

Last price

$1027.00 BTC/USDT

$USD

last price $ 1027.00
one week ago $ 1072.68
percentage -4.26%

Volume

Volume

The 24 hour volume on Poloniex is 760495.49047059 USDT or 750.49963024 BTC.

Remarks

XBT LivePrice February 15 2017
Bitcoin is moving sideways as these four major USD exchanges post last prices in excess of $1000:

xbtliveprice-2017-02-15

Bitcoin One Month Chart
The bitcoin one month chart in 4 hour candles shows where we’ve been:

chart-btc-usdt-1month-4hour-2017-02-15

The highest mark of the month is February 09 2017 when bitcoin posted a high of $1077.99 on Poloniex. This was on a relatively low volume of 334 BTC and came as bitcoin had been rallying for some time.

Bitcoin / $USD Market Share
The weekly all exchange market share looks like this:

weekly-market-share-btc-usdChart courtesy bitcoinity.org

Bitfinex is far and away the leader of the USD pack. Bitstamp and BTC-e.com hold down number two and three positions respectively. There’s a lot of stiff competition in this marketplace.

Bitcoin Volume One Month
Compared to the high volume day of February 08 2017, the rest of the past week is relatively low volume:

trading-volumeChart courtesy bitcoinity.org

The above is the trading environment in which we see the price of bitcoin is essentially moving sideways in a one week time period.

Price change

Price change is the percentage change within the period:

period change
day 1.76%
week -4.26%
month 24.13%

Featured Chart

Tap or click chart to enlarge:

chart-btc-usdt-1week-2hour-2017-02-15

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 $ 16,602,186,224
Available supply 16165712
Last price $ 1027.00

Daily High Low

daily high 1032.13
daily low 1002.32

Trend

The weekly trend is sideways.

trend is SIDEWAYS

Support

Support is the lowest price within the period:

period support
day 1002.32
week 898.18
biweekly 898.18
month 816.00

Resistance

Resistance is the highest price within the period:

period resistance
day 1032.13
week 1077.99
biweekly 1077.99
month 1077.99

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 29.81000000
week -45.68000000
month 199.62000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin is up 1.76% on the day, down -4.26% on the week and up 24.13% on the month. The weekly trend is sideways. BTC/USDT saw weekly support at $898.18 and weekly resistance at $1077.99. 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 Thursday February 16 2017 03:41 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

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