Bitcoin

Bitcoin Market Report: $BTC Sees Favorable Month & Year

Brief:


Bitcoin began 2017 pegged at $963.66. Twelve months later it ended the year near $14,000. It has been a good month and year for bitcoin. Bitcoin is up 10.26% in 24 hours, down -1.36% on the week and up 41.77% on the month on a last price of $13,845. The Bitcoin marketcap is $232,235,157,765 with a circulating supply of 16,773,937 $BTC. $BTC/USD is trading between a 24hr high of $14,100 and a 24hr low of $12,166 on a 24hr Bitfinex volume of 47,567 BTC. In daily light volume trading the weekly trend is mixed.

Last price

13845 $BTC/USD

$USD

last price $ 13845
one week ago $ 14036
percentage -1.36%

Volume

Volume

$BTC 24 hour volume
USD 47,567 BTC
all $BTC currencies 930,543 BTC

The 24 hour volume for $BTC/USD on Bitfinex is 47,567 BTC. This volume weight is light when compared with Bitfinex daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is 930,543 BTC.

Market Share

The Bitfinex currency pair $BTC/USD is 5.11% of all $BTC traded in twenty-four hours. After Bitfinex, Binance, Poloniex and Bittrex hold down positions two to four respectively – according to CoinMarketCap.com.

Remarks

Bitcoin began 2017 pegged at $963.66. Twelve months later it ended the year near $14,000. It has been a good month and year for bitcoin. Bitcoin is up 10.26% in 24 hours, down -1.36% on the week and up 41.77% on the month on a last price of $13,845. The Bitcoin marketcap is $232,235,157,765 with a circulating supply of 16,773,937 $BTC. $BTC/USD is trading between a 24hr high of $14,100 and a 24hr low of $12,166 on a 24hr Bitfinex volume of 47,567 BTC. In daily light volume trading the weekly trend is mixed.

One Year Chart

Courtesy CoinMarketCap.com

One Day Candles

One Hour Candles

BTC Volume by Currency (CryptoCompare.com)

Bitcoin is most traded in the USD currency. Japanese Yen is second followed by tether (USDT), the Korean Won and the Euro.

BTC/USD Volume by Exchange (CryptoCompare.com)

Bitfinex has the largest market share of BTC/USD. Coinbase and Bitstamp trade second and third most in this pair.

Browse Bitcoin Collection

Learn about the unique characteristics of $BTC. Browse our collection of Bitcoin Market Reports.

24 Hours of Bitcoin
24 Hours of #Bitcoin
8.41% price $14,099.60
vol $12,779,300,000
mktcap $236,506,507,105
16.77M #XBT 18:53 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Price change

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

period change
day 10.26%
week -1.36%
month 41.77%

Highlight Chart

Tap / click to enlarge:

Bitcoin began 2017 pegged at $963.66. Twelve months later it ended the year near $14,144.70. It has been a good month and year for bitcoin. Bitcoin is up 10.26% in 24 hours, down -1.36% on the week and up 41.77% on the month on a last price of $13,845.
Bitcoin began 2017 pegged at $963.66. Twelve months later it ended the year near $14,144.70. It has been a good month and year for bitcoin. Bitcoin is up 10.26% in 24 hours, down -1.36% on the week and up 41.77% on the month on a last price of $13,845.

Data source

Bitfinex 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 Bitcoin market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 232,235,157,765
Circulating supply 16,773,937
Last price $ 13845

Daily High Low

daily high 14100
daily low 12166

Trend

The weekly trend is mixed. We’ve seen four of the last seven daily candles in the red. We saw a six day downtrend begin on December 17. It turned around for one day on December 23 2017, then saw a red. Christmas and Boxing Day saw daily green candles, followed by four days of red candles putting us where we are now.

In the wider perspective we are seeing a pullback from the breathtaking prices which peaked at $19,391 on December 17 2017. It’s possible we have seen much of the draw down already.

Some bitcoin traders called for a crash when BTC hit $5,000. However bitcoin seems to be stabilizing – at least for the moment – well above $10,000.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day $14,100
week $16,494

Support

Support is the lowest price within the period:

period support
day $12,166
week $11,651

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin began 2017 pegged at $963.66. Twelve months later it ended the year near $14,000. It has been a good month and year for bitcoin. Bitcoin is up 10.26% in 24 hours, down -1.36% on the week and up 41.77% on the month on a last price of $13,845. The Bitcoin marketcap is $232,235,157,765 with a circulating supply of 16,773,937 $BTC. $BTC/USD saw weekly resistance at $16,494 and weekly support at $11,651. Market sentiment is neutral. The weekly trend is mixed in daily light volume trading.

Banner Year for Bitcoin in 2018
Given the large influx of new investors and new money, the highest market capitalization of any digital asset, the stellar price performance over the last several years and growth anticipated by those knowledgeable about $BTC, we will be looking at another banner year for bitcoin in 2018 regardless of whether we see $BTC crashes or not.

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 Sunday December 31 2017 18:45 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

Bitcoin, $BTC, USD, Bitfinex, Market, Report, $BTC/USD

@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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