Bitcoin

Bitcoin Market Report: $BTC Meltdown in Progress

Brief:


Bitcoin price sinks as potential fork nears. Bitcoin is down -11.31% on the day, down -9.58% on the week and down -13.65% on the month on a last price of $2066.60. $BTC/USD is trading between a 24hr high of $2210.10 and a 24hr low of $1975.70 on a 24hr volume of 28.536k. The weekly trend is mixed.

Last price

2066.60 $BTC/USD

$USD

last price $ 2066.60
one week ago $ 2285.50
percentage -9.58%

Volume

Volume

The 24 hour volume on Bitfinex is 28.536k.

Remarks

A bitcoin meltdown is in progress as confidence erodes with a nearing technical deadline. Bitcoin is down -11.31% on the day, down -9.58% on the week and down -13.65% on the month on a last price of $2066.60.

The lowest price of the month was only two hours ago. There is no reason to believe the price will change its direction until the end of the month. Eager investors could consider this timeframe the summer sale on bitcoin.

CoinMarketCap YTD Chart

One Month Chart

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XBTLivePrice
Bitcoin spot prices from four major exchanges at print time:

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Price change

Price change is the percentage change within the period:

period change
day -11.31%
week -9.58%
month -13.65%

Featured Chart

Tap or click chart to enlarge:

Data source

Bitfinex is the data source for this market report – except as noted.

Market capitalization

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

market cap = ( circulating supply x last price )
Market cap $ 33,993,761,725
Circulating supply 16,449,125
Last price $ 2066.60
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 2210.10
daily low 1975.70

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 1975.70
week 1975.70

Resistance

Resistance is the highest price within the period:

period resistance
day 2210.10
week 2550.10

Range

Range is the difference in price within the period:

period range
day 234.40000000
week -218.90000000

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Bitcoin price sinks as potential fork nears. Bitcoin is down -11.31% on the day, down -9.58% on the week and down -13.65% on the month. The weekly trend is mixed. $BTC/USD saw weekly support at $1975.70 and weekly resistance at $2550.10. Market sentiment is bearish.

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 July 15 2017 16:58 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

Bitcoin, $BTC/USD, Bitfinex, 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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