Bitcoin Market Report: Battered $BTC Above $7000

Brief:


Easter Monday was good for $BTC as a battered bitcoin rose 6.9% overnight. Ten hours later its still above $7000. Bitcoin is up 3.61% in 24 hours, down -9.49% on the week and down -20.71% on the month on a last price of $7286.01. The Bitcoin marketcap is $123,546,226,748 with a circulating supply of 16,956,637 $BTC. $BTC/USDT is trading between a 24hr high of $7504.50 and a 24hr low of $7122.50 on a 24hr OKEx volume of $286,865,000. This trading volume is moderate. The weekly price trend is mixed.

Last price

7286.01 $BTC/USDT

$USD

last price $ 7286.01
one week ago $ 8050.36

Price change

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

period change
day 3.61%
week -9.49%
month -20.71%

Volume

Volume

$BTC 24 hour volume
USDT $286,865,000
all $BTC currencies $5,506,310,000

The 24 hour volume for $BTC/USDT on OKEx is $286,865,000. This volume weight is moderate when compared with OKEx daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is $5,506,310,000.

Market Share

The OKEx currency pair $BTC/USDT is 5.21% of all $BTC traded in twenty-four hours. Bitfinex leads the pack with 6.78% while Binance has 5.26%.

Top $BTC Pairs
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Remarks

Easter Monday was good for $BTC as a battered bitcoin rose 6.9% overnight. Ten hours later its still above $7000. Bitcoin is up 3.61% in 24 hours, down -9.49% on the week and down -20.71% on the month on a last price of $7286.01. The Bitcoin marketcap is $123,546,226,748 with a circulating supply of 16,956,637 $BTC. $BTC/USDT is trading between a 24hr high of $7504.50 and a 24hr low of $7122.50 on a 24hr OKEx volume of $286,865,000. This trading volume is moderate. The weekly price trend is mixed.

It will take more than a couple of days of upwards movement to shake off a bearish sentiment. The downtrend started on December 17 2017 at a high of $19,414.86. Many dips later we find ourselves at today’s last price just above $7,000 per bitcoin.

A double digit percent drop overnight is not unexpected to battle-hardened bitcoin traders. In all likelihood we have shaken off any faint hearted stock market traders by now. Upside demand seems to outweigh downside pressure on OKEx for now – but this could change.

One Year $BTC Chart

$BTC One Day Candles

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24 Hours of Bitcoin
24 Hours of #Bitcoin
3.55% price $7,367.98
vol $5,506,000,000
mktcap $124,936,162,283
16.96M #XBT 03:23
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

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Highlight Chart

Tap / click to enlarge:

Easter Monday was good for $BTC as a battered bitcoin rose 6.9% overnight. Ten hours later its still above $7000. Bitcoin is up 3.61% in 24 hours, down -9.49% on the week and down -20.71% on the month on a last price of $7286.01.
Easter Monday was good for $BTC as a battered bitcoin rose 6.9% overnight. Ten hours later its still above $7000. Bitcoin is up 3.61% in 24 hours, down -9.49% on the week and down -20.71% on the month on a last price of $7286.01.

Data sources

Main Data Source

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

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 $ 123,546,226,748
Circulating supply 16,956,637
Last price $ 7286.01

Daily High Low

daily high 7504.50 USDT
daily low 7122.50 USDT

Trend

The weekly trend is mixed.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 7504.50 USDT
week 8260.00 USDT

Support

Support is the lowest price within the period:

period support
day 7122.50 USDT
week 6432.89 USDT

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Easter Monday was good for $BTC as a battered bitcoin rose 6.9% overnight. Ten hours later its still above $7000. Bitcoin is up 3.61% in 24 hours, down -9.49% on the week and down -20.71% on the month on a last price of $7286.01. The Bitcoin marketcap is $123,546,226,748 with a circulating supply of 16,956,637 $BTC. $BTC/USDT saw weekly resistance at $8260.00 USDT and weekly support at $6432.89 USDT . Market sentiment is bearish. The weekly price trend is mixed in daily 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:

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Printed

This report was printed on Wednesday April 04 2018 02:59 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

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Tags

Bitcoin, $BTC, USDT, OKEx, Market, Report, $BTC/USDT