Altcoins

Bitconnect Market Report: $BCC Sees Explosive Day in Month Long Downtrend

Brief:


$BCC is a top leader in the twenty-four hour gainers today. Bitconnect is up 43.81% in 24 hours, up 4.03% on the week but down -29.08% on the month on a last price of 0.022566 BTC or about $354.19. The Bitconnect marketcap is $2,133,004,435 with a circulating supply of 6,022,204 $BCC. $BCC/BTC is trading between a 24hr high of 0.027000 BTC ($423.79) and a 24hr low of 0.012071 BTC ($189.46) on a 24hr HitBTC volume of $974,686. In daily heavy volume trading the weekly trend is mixed.

Last price

0.022566 $BCC/BTC

$USD

last price $ 354.19
one week ago $ 340.46
percentage 4.03%

Volume

Volume

$BCC 24 hour volume
BTC $974,686
all $BCC currencies $89,913,300

The 24 hour volume for $BCC/BTC on HitBTC is $974,686. This volume weight is heavy when compared with HitBTC daily trading levels for $BCC over the last month.

The total 24 hour volume for all reporting $BCC markets is $89,913,300.

Market Share

The HitBTC currency pair $BCC/BTC is 1.08% of all $BCC traded in twenty-four hours. BCC Exchange has over 95% daily market share of $BCC. LiveCoin has about 2%, followed by HitBTC. The HitBTC default chart for BCC was the easiest to find and navigate of all the charts surveyed.

Remarks

$BCC is a top leader in the twenty-four hour gainers today. Bitconnect is up 43.81% in 24 hours, up 4.03% on the week but down -29.08% on the month on a last price of 0.022566 BTC or about $354.19. The Bitconnect marketcap is $2,133,004,435 with a circulating supply of 6,022,204 $BCC. $BCC/BTC is trading between a 24hr high of 0.027000 BTC ($423.79) and a 24hr low of 0.012071 BTC ($189.46) on a 24hr HitBTC volume of $974,686. In daily heavy volume trading the weekly trend is mixed.

BCC has seen about a month long downtrend largely in daily red candles. Yesterday we saw explosive prices in heavy volume trading.

If you are looking for a Bcash Market Report check here.

CoinMarketCap.com YTD Chart

One Day Candles

Wednesday December 27 2017 Bitcoin Background

Altcoins such as Bitconnect may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
14.74% price $16,166.90
vol $13,388,700,000
mktcap $271,035,443,295
16.76M #XBT 01:04 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

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Price change

Price change is the $BCC percentage change within the period:

period change
day 43.81%
week 4.03%
month -29.08%

Highlight Chart

Tap / click to enlarge:

Bitconnect is up 43.81% in 24 hours, up 4.03% on the week and down -29.08% on the month on a last price of 0.022566 BTC or about $354.19.
Bitconnect is up 43.81% in 24 hours, up 4.03% on the week and down -29.08% on the month on a last price of 0.022566 BTC or about $354.19.

Data source

HitBTC is the main data source for this report. Other sources are credited where used.

Market capitalization

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

market cap = ( circulating supply x last price )
Market cap $ 2,133,004,435
Circulating supply 6,022,204
Last price $ 354.19
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.027000
daily low 0.012071

Trend

The weekly trend is mixed. The monthly trend is down.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day 0.027000
week 0.027000

Support

Support is the lowest price within the period:

period support
day 0.012071
week 0.012071

Market sentiment

Market sentiment is neutral. Having just one explosive day in a month long downtrend can hardly be expressed as bullish – its a blip on the bear trend.

sentiment neutral

Image courtesy Pixabay.com

Summary

$BCC is a top leader in the twenty-four hour gainers today. Bitconnect is up 43.81% in 24 hours, up 4.03% on the week and down -29.08% on the month on a last price of 0.022566 BTC or about $354.19. The Bitconnect marketcap is $2,133,004,435 with a circulating supply of 6,022,204 $BCC. $BCC/BTC saw weekly resistance at 0.027000 BTC ($423.79) and weekly support at 0.012071 BTC ($189.46). Market sentiment is neutral. The weekly trend is mixed in heavy volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

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 Wednesday December 27 2017 00:53 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

Bitconnect, $BCC, BTC, HitBTC, Market, Report, $BCC/BTC, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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