Brief:
Bitcoin is down -0.04% on the day, up 6.96% on the week and up 30.22% on the month on a last price of $1197.70. BTC/USDT is trading between a 24hr high of $1208.09 and a 24hr low of $1178.11 on a 24hr volume of $2,149,466 USDT / 1802 BTC. The weekly trend is mixed.
Contents
Last price
1197.70 BTC/USDT
$USD
| last price | $ 1197.70 |
| one week ago | $ 1119.76 |
| percentage | 6.96% |
Volume
Remarks
Bitcoin Price
Notwithstanding a recent price correction we are again seeing bitcoin pushing near $1200 with a mighty short stick:
One Month Chart
OKCoin One Month Chart
There were two main events in February: the selloff on February 08/09 and the rally then correction on February 24/25th. The sell off saw 159 million USD change hands according to Bitcoinity.org.
The bullish run on February 23/24 saw 144 million USD change hands which drove the price to an all time high of $1210.28 on OKCoin, $1225 on Poloniex and $1222.40 on Bitfinex. See our same day article “Bitcoin Shatters All Time High: Rallys Above $1200” about this price event [opens in new tab].
Note that dates are loose because of the lack of standardization of time zone in charts and data. For example OKCoin will report volume on nn date but Bitcoinity will report it on a different time zone, which can be a different date altogether.
Bitcoinity.org Chart BTCUSD Volume One Month
Bitcoin Continues Rise
Regardless of time zones, bitcoin continues its rise. While we did see an OKCoin correction on February 08, and another of 3.03% on OKCoin on February 23, the OKCoin last price today is still $1190.92 at press time. Have we seen the last of sub $1000 bitcoin?
Bitflyer Tops BTC/USD Market
Bitcoinity reports Bitflyer as topping the BTC/USD market by a substantial margin:
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Jump to our Featured Chart to see weekly price and volume detail.
Browse Historical Collection
Gain insight into the unique characteristics of this digital asset. Browse our comprehensive collection of Bitcoin Market Reports.
Price change
Price change is the percentage change within the period:
| period | change |
| day | -0.04% |
| week | 6.96% |
| month | 30.22% |
Featured Chart
Tap or click chart to enlarge:
Data source
Poloniex is the data source for this market report.
Market capitalization
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
| Market cap | $ 19,390,553,403 |
| Available supply | 16189825 |
| Last price | $ 1197.70 |
Daily High Low
| daily high | 1208.0920000 |
|---|---|
| daily low | 1178.1100000 |
Trend
The weekly trend is mixed.
Support
Support is the lowest price within the period:
| period | support |
|---|---|
| day | 1178.1100000 |
| week | 1107.51 |
| biweekly | 1002.32 |
| month | 898.18 |
Resistance
Resistance is the highest price within the period:
| period | resistance |
|---|---|
| day | 1208.0920000 |
| week | 1225.00 |
| biweekly | 1225.00 |
| month | 1225.00 |
Margin trading
The data source Poloniex does NOT offer margin trading on this digital asset.
Range
Range is the difference in price within the period:
| period | range |
|---|---|
| day | 29.98200000 |
| week | 77.94000000 |
| month | 277.96000000 |
Market sentiment
Market sentiment is bullish.
Summary
Bitcoin is down -0.04% on the day, up 6.96% on the week and up 30.22% on the month. The weekly trend is mixed. BTC/USDT saw weekly support at $1107.51 and weekly resistance at $1225.00. Market sentiment is bullish.
Disclaimer
Past history is NOT an indicator of future results. Read the legal disclaimer:
Printed
This report was printed on Tuesday February 28 2017 22:08 hours UTC. Contact KittyBitcoin to request custom reports.
Coming soon
Tags
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