Bitcoin

Bitcoin Market Report: $6.2 Billion $BTC Moves Sideways

Brief:


Today $BTC is up marginally, and moving largely sideways within the last thirty days. Bitcoin is up 2.07% in 24 hours, down -20.19% on the week and up 2.21% on the month on a last price of $9,099.90. The Bitcoin marketcap is $153,946,648,260 with a circulating supply of 16,917,400 $BTC. $BTC/USD is trading between a 24hr high of $9,482.40 and a 24hr low of $8,822.00 on a 24hr Bitfinex volume of $599,009,000. This trading volume is light to moderate. The weekly price trend is down.

Last price

9099.90 $BTC/USD

$USD

last price $ 9099.90
one week ago $ 11,402.00

Price change

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

period change
day 2.07%
week -20.19%
month 2.21%

Volume

Volume

$BTC 24 hour volume
USD $599,009,000
all $BTC currencies $6,221,410,000

The 24 hour volume for $BTC/USD on Bitfinex is $599,009,000. This volume weight is light to moderate when compared with Bitfinex daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is $6,221,410,000.

Market Share

The Bitfinex currency pair $BTC/USD is 9.63% of all $BTC traded in twenty-four hours. Bitfinex leads the pack, switching places with OKEx (5.80%) who is bumped even lower by Binance (6.17%).

Top $BTC Pairs

Remarks

Today $BTC is up marginally, and moving largely sideways within the last thirty days. Bitcoin is up 2.07% in 24 hours, down -20.19% on the week and up 2.21% on the month on a last price of $9,099.90. The Bitcoin marketcap is $153,946,648,260 with a circulating supply of 16,917,400 $BTC. $BTC/USD is trading between a 24hr high of $9,482.40 and a 24hr low of $8,822.00 on a 24hr Bitfinex volume of $599,009,000. This trading volume is light to moderate. The weekly price trend is down.

Rangebound?
Since February 13 2018 – exactly one month – $BTC has traded between a low of $8,313.50 and a high of $11,788. The monthly change is just 2.21%. Today’s total $BTC market volume of $6.2 billion is largely moving sideways:

We’ve seen eight daily candles of red in the last nine days. Just one day out of nine have we seen the price rise from the opening price the day before. This can easily be characterized as bearish.

Social Media Buzz

One Year $BTC Chart

$BTC One Day Candles

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
0.6% price $9,129.28
vol $6,182,890,000
mktcap $154,444,247,487
16.92M #XBT 20:44
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Highlight Chart

Tap / click to enlarge:

Today $BTC is up marginally, and moving largely sideways within the last thirty days. Bitcoin is up 2.07% in 24 hours, down -20.19% on the week and up 2.21% on the month on a last price of $9,099.90.
Today $BTC is up marginally, and moving largely sideways within the last thirty days. Bitcoin is up 2.07% in 24 hours, down -20.19% on the week and up 2.21% on the month on a last price of $9,099.90.

Data sources

Main Data Source

Bitfinex is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Bitfinex.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

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 $ 153,946,648,260
Circulating supply 16,917,400
Last price $ 9099.90

Daily High Low

daily high 9482.40 USD
daily low 8822.00 USD

Trend

The weekly trend is down.

trend is DOWN

Trend is "down" when the weekly price movement is predominantly downwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 9482.40 USD
week 11411.00 USD

Support

Support is the lowest price within the period:

period support
day 8822.00 USD
week 8342.00 USD

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Today $BTC is up marginally, and moving largely sideways within the last thirty days. Bitcoin is up 2.07% in 24 hours, down -20.19% on the week and up 2.21% on the month on a last price of $9,099.90. The Bitcoin marketcap is $153,946,648,260 with a circulating supply of 16,917,400 $BTC. $BTC/USD saw weekly resistance at $11,411.00 USD and weekly support at $8,342.00 USD. Market sentiment is bearish. The weekly price trend is down in daily light to moderate 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 Tuesday March 13 2018 21:17 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, 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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