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Bitcoin Market Report: $BTC Ranging in $6500 Zone

Brief:


Bitcoin held $6100 support in the latest dump and is now ranging in the $6500 zone over the last three days. Bitcoin is up 1.14% in 24 hours, up 5.73% on the week and up 4.38% on the month on a last price of $6539.54. The Bitcoin marketcap is $112,933,932,076 with a circulating supply of 17,269,400 $BTC. $BTC/USDT is trading between a 24hr high of $6565.45 and a 24hr low of $6449.38 on a 24hr Binance volume of $180,226,970. This trading volume is moderate. The weekly price trend is up.

Rank #1

Bitcoin is ranked #1 today by cryptocurrency market capitalization.

Last price

6539.54 $BTC/USDT

$USD

last price $ 6539.54
one week ago $ 6185.06

Price change

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

period change
day 1.14%
week 5.73%
month 4.38%

Volume

Volume

$BTC 24 hour volume
USDT $180,226,970
all $BTC currencies $3,381,877,340

The 24 hour volume for $BTC/USDT on Binance is $180,226,970. This volume weight is moderate when compared with Binance daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is $3,381,877,340.

Market Share

The Binance currency pair $BTC/USDT is 5.33% of all $BTC traded in twenty-four hours. Binance is fourth today after BitForex, BitMex and Bithumb.

Top $BTC Pairs
Tap or click for detail:

Remarks

Bitcoin held $6100 support in the latest dump and is now ranging in the $6500 zone over the last three days. Bitcoin is up 1.14% in 24 hours, up 5.73% on the week and up 4.38% on the month on a last price of $6539.54. The Bitcoin marketcap is $112,933,932,076 with a circulating supply of 17,269,400 $BTC. $BTC/USDT is trading between a 24hr high of $6565.45 and a 24hr low of $6449.38 on a 24hr Binance volume of $180,226,970. This trading volume is moderate. The weekly price trend is up.

There are only two red daily candles in the last seven. Five are green and the weekly trend is up.

The September 04 2018 dump saw prices fall from a high of $7410 to a low of $6111 on September 08 2018.

Since then $BTC has consolidated in the low to mid $6000 zone. Bitcoin is finding support at the $6100 level and testing resistance at $6550.

The MACD on the four hour chart (Binance) has been green since 2018-09-09, indicating continued buying pressure.

The Relative Strength Indicator (RSI) on the hourly chart is 51.82 or very near a neutral balance.

Up 4.38% on the month is somewhat encouraging, although it may not be too early to scale back the wildly speculative gains envisioned last December 2017.

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
0.62% price $6,540.31
vol $3,373,320,509
mktcap $112,947,673,320
17.27M #XBT 20:04
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Two Days Ago

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Highlight Chart

Tap / click to enlarge:

Bitcoin held $6100 support in the latest dump and is now ranging in the $6500 zone over the last three days. Bitcoin is up 1.14% in 24 hours, up 5.73% on the week and up 4.38% on the month on a last price of $6539.54.
Bitcoin held $6100 support in the latest dump and is now ranging in the $6500 zone over the last three days. Bitcoin is up 1.14% in 24 hours, up 5.73% on the week and up 4.38% on the month on a last price of $6539.54.

Data sources

Main Data Source

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

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 fine 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 $ 112,933,932,076
Circulating supply 17,269,400
Last price $ 6539.54

Daily High Low

daily high 6565.45 USDT
daily low 6449.38 USDT

Trend

The weekly trend is up.

trend is UP

Trend is "up" when the weekly price movement is predominantly upwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 6565.45 USDT
week 6584.99 USDT

Support

Support is the lowest price within the period:

period support
day 6449.38 USDT
week 6141.53 USDT

Market sentiment

$BTC market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin held $6100 support in the latest dump and is now ranging in the $6500 zone over the last three days. Bitcoin is up 1.14% in 24 hours, up 5.73% on the week and up 4.38% on the month on a last price of $6539.54. The Bitcoin marketcap is $112,933,932,076 with a circulating supply of 17,269,400 $BTC. $BTC/USDT saw weekly resistance at $6584.99 USDT and weekly support at $6141.53 USDT. Market sentiment is neutral. The weekly price trend is up in daily moderate volume trading.

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Disclaimer

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Printed

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