Bitcoin

Bitcoin Market Report: BTC/USDT Up 30.22% on the Month

Brief:


Bitcoin is down -0.04% on the day, up 6.96% on the week and up 30.22% on the month on a last price of $1197.70. BTC/USDT is trading between a 24hr high of $1208.09 and a 24hr low of $1178.11 on a 24hr volume of $2,149,466 USDT / 1802 BTC. The weekly trend is mixed.

Last price

1197.70 BTC/USDT

$USD

last price $ 1197.70
one week ago $ 1119.76
percentage 6.96%

Volume

Volume

The 24 hour volume on Poloniex is 2149466.00600567 USDT / 1802.39012171 BTC.

Remarks

Bitcoin Price
Notwithstanding a recent price correction we are again seeing bitcoin pushing near $1200 with a mighty short stick:
xbtliveprice-2017-02-28

One Month Chart
chart-btc-usdt-1month-4hour-2017-02-28

OKCoin One Month Chart
chart-okcon-btc-usd-1month-4hour-2017-02-28

There were two main events in February: the selloff on February 08/09 and the rally then correction on February 24/25th. The sell off saw 159 million USD change hands according to Bitcoinity.org.

The bullish run on February 23/24 saw 144 million USD change hands which drove the price to an all time high of $1210.28 on OKCoin, $1225 on Poloniex and $1222.40 on Bitfinex. See our same day article “Bitcoin Shatters All Time High: Rallys Above $1200” about this price event [opens in new tab].

Note that dates are loose because of the lack of standardization of time zone in charts and data. For example OKCoin will report volume on nn date but Bitcoinity will report it on a different time zone, which can be a different date altogether.

Bitcoinity.org Chart BTCUSD Volume One Month
chart-bitcoinity-30day-btcusd-2017-02-28

Bitcoin Continues Rise
Regardless of time zones, bitcoin continues its rise. While we did see an OKCoin correction on February 08, and another of 3.03% on OKCoin on February 23, the OKCoin last price today is still $1190.92 at press time. Have we seen the last of sub $1000 bitcoin?

Bitflyer Tops BTC/USD Market
Bitcoinity reports Bitflyer as topping the BTC/USD market by a substantial margin:

chart-marketshare-bitcoinity-btcusd-2017-02-28

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Jump to our Featured Chart to see weekly price and volume detail.

Browse Historical Collection
Gain insight into the unique characteristics of this digital asset. Browse our comprehensive collection of Bitcoin Market Reports.

Price change

Price change is the percentage change within the period:

period change
day -0.04%
week 6.96%
month 30.22%

Featured Chart

Tap or click chart to enlarge:

chart-btc-usdt-1week-2hour-2017-02-28

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 $ 19,390,553,403
Available supply 16189825
Last price $ 1197.70

Daily High Low

daily high 1208.0920000
daily low 1178.1100000

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 1178.1100000
week 1107.51
biweekly 1002.32
month 898.18

Resistance

Resistance is the highest price within the period:

period resistance
day 1208.0920000
week 1225.00
biweekly 1225.00
month 1225.00

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 29.98200000
week 77.94000000
month 277.96000000

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitcoin is down -0.04% on the day, up 6.96% on the week and up 30.22% on the month. The weekly trend is mixed. BTC/USDT saw weekly support at $1107.51 and weekly resistance at $1225.00. 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 Tuesday February 28 2017 22:08 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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