After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00. The bitcoin marketcap is $75,513,179,000 with a circulating supply of 17,399,350 $BTC. $BTC/USDT is trading between a 24hr high of $4450.38 and a 24hr low of $4125.65 on a 24hr Binance volume of $362,787,586. This trading volume is moderate to heavy. The weekly price trend is mixed.
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Brief
Promoted
Rank
Last price
$USD
Price change
Volume
Market Share
Remarks
Highlight Chart
Data sources
Market capitalization
Daily high low
Trend
Resistance
Support
Market sentiment
Summary
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Disclaimer
Printed
bitcoin is ranked #1 today by cryptocurrency market capitalization.
4340.00 $BTC/USDT
| last price | $ 4340.00 |
| one week ago | $ 4370.90 |
Price change is the $BTC percentage change within the period:
| period | change |
| day | 1.89% |
| week | -0.71% |
| month | -33.13% |
| USDT | $362,787,586 |
| all $BTC currencies | $6,904,255,318 |
The 24 hour volume for $BTC/USDT on Binance is $362,787,586. This volume weight is moderate to heavy when compared with Binance daily trading levels for $BTC over the last month.
The total 24 hour volume for all reporting $BTC markets is $6,904,255,318.
After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00. The bitcoin marketcap is $75,513,179,000 with a circulating supply of 17,399,350 $BTC. $BTC/USDT is trading between a 24hr high of $4450.38 and a 24hr low of $4125.65 on a 24hr Binance volume of $362,787,586. This trading volume is moderate to heavy. The weekly price trend is mixed.
There is some suggestion in the crypto industry that a rally is underway. Hold on folks, not so fast. We’re seeing a corrective bounce from the yearly low of $3652.66 after $BTC hit its lowest price since February. In February 2018 bitcoin dipped to a low of $6000.
bitcoin one day RSI (relative strength index) is pegged at 31.29 which is barely in the neutral range. The RSI spent several days during the recent crash in the oversold zone. It is common for an asset in a bearish market to plunge into the oversold region. In fact, the latest crash started in an RSI oversold state. This is seen on the Binance one day chart, on November 13 2018 at 16:00 hours.
We’ve been seeing some of the highest volumes of the month. Coinmarketcap reports $6.9 billion (total $BTC market) changed hands in 24 hours. This generated an increase on Binance of about $70 or 1.5% on $362.7 million dollars of volume.
The weekly trend is mixed. Of the last seven daily candles five are green and two are red. A week ago the price opened at $4370.90. Presently bitcoin has just edged past that mark, making up for losses it saw accumulate over the week as the crash deepened.
MACD
The one day MACD (Moving Average Convergence Divergence) has been in the red every day for sixteen days. While still in the red, the degree is lessening.
The six hour MACD has been in the green for four days. This indicates buying pressure.
Exponential Moving Averages (EMA)
The short and medium term exponential moving average (EMA) have both turned upwards and are now reaching for the long term EMA.
Last December 2017 bitcoin rose to $19,798.68 only to crash a week later to $10,961. Historically $BTC has seen many wild price swings. While we’re near the bottom of the latest price swing, the cycle eventually has always rebounded.
One Year $BTC Chart
$BTC One Day Candles
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Learn about the unique characteristics of $BTC. Browse our collection of
24 Hours of bitcoin
24 Hours of #bitcoin
-1.9% price $4,219.41
vol $6,677,528,007
mktcap $73,415,534,546
17.40M #XBT 19:22
XBTLivePriceTM
Tap / click to enlarge:
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
Tertiary
XBTLivePriceTM and 24 Hours of bitcoin are fine data products from
Other sources are credited where used.
Market capitalization is the total $US dollar value of the bitcoin market calculated using the formula:
| Market cap | $ 75,513,179,000 |
| Circulating supply | 17,399,350 |
| Last price | $ 4340.00 |
| 4450.38 USDT |
| 4125.65 USDT |
The weekly 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 is the highest price within the period:
| day | 4450.38 USDT |
| week | 4527.00 USDT |
Support is the lowest price within the period:
| day | 4125.65 USDT |
| week | 3652.66 USDT |
$BTC market sentiment is neutral.
After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00. The bitcoin marketcap is $75,513,179,000 with a circulating supply of 17,399,350 $BTC. $BTC/USDT saw weekly resistance at $4527.00 USDT and weekly support at $3652.66 USDT. Market sentiment is neutral. The weekly price trend is mixed in daily moderate to heavy volume trading.
Past history is NOT an indicator of future results. Read the legal disclaimer:
KittyBitcoin’s Market Reports bring you timely and detailed cryptocurrency market information. Covering many of the top 100 coins, the impartial and hyperlinked format enables you to quickly synthesize accurate trading data gleaned from top cryptocurrency exchanges. Over time the market reports also comprise an invaluable archival collection.
This report was generated on Thursday November 29 2018 19:08 hours UTC.
This report was authored by KittyBitcoin and originally published on BlockDesk: . Contact to license or request reports. Share your thoughts with
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Bitcoin Price Analysis: Watching World Events and “Three Pushes to a High”
BTC-USD is up 160% in the 6 weeks since it last bottomed out at around $1800. The $2850 growth marks the sixth week in a row of new highs and aggressive bull runs as bitcoin sits upon its current all-time high in the $4600s. One can’t help but wonder where the top of this run lies; Goldman Sachs is calling the top of the bull run at around $4800.
Historically, during times of war and political uncertainty, investors tend to seek financial safe havens in precious metals and other long-lasting, stable investment vehicles. Yesterday, North Korea made an aggressive move toward Japan by launching a missile over Japanese airspace. Within hours of the news hitting the public, bitcoin saw massive price growth, thus establishing, once again, a new all-time high:
Figure 1: BTC-USD, 6 Hour Candles, Bitfinex, Volume Spike Post-news Release
After an entire week of decreasing volume, BTC-USD saw a spike in buy volume once the news of North Korea’s aggression hit the public. This is one of several bullish moves in the recent series of news events following North Korean aggression. As of the time of this article, Japan has yet to formally respond to this act of aggression, and one can speculate that bitcoin will likely continue to see price growth as the political uncertainty continues to grow.
On the macro scale, bitcoin is showing signs of bullish exhaustion despite the push to greater highs:
Figure 2: BTC-USD, 1-Day Candles, Bitfinex, Signs of Bullish Exhaustion
Although there is a good argument for bitcoin price growth on just fundamental analysis of the North Korean situation alone, it’s important to remain objective in our analysis. There are three signs of bullish exhaustion in the macro trend of this BTC-USD market.
Although bitcoin is making new price highs, on the 1-day candle trend the RSI is failing to make a new high (shown in yellow) — this activity is called “divergence” and shows a decrease in bullish momentum. Additionally, although the 6-hour volume made a significant impact on the market, the 1-day volume is currently failing to make any significant impact on the overall trend (shown in blue).
Lastly and most significantly, the 1-day Bollinger Bands (shown in pink) have begun to go completely horizontal and are now beginning to actually curve downward.
The current Bollinger Band trend accompanied by the bullish momentum loss is pushing BTC-USD into a potential reversal pattern known as “Three Pushes to a High.” Basic characteristics of this pattern are:
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Narrowing Bollinger Bands upon the advance of each high;
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Momentum loss on various indicators;
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Continued divergence across all three highs.
Currently, the “Three Pushes to a High” reversal has yet to be confirmed and is certainly not in a tradable condition, but it is something that every bitcoin trader should consider on the macro trend of this market.
Since the run from $1800, well established Fibonacci Retracement lines have revealed themselves on the market:
Figure 3: BTC-USD, 6 Hour Candles, Bitfinex, Macro Support Lines
There is very strong support on the 23% line, as the market consolidated for about a week at those values. If our current price level proves to be the top of this run, a possible retracement might occur. Should a retracement occur, Figure 3 will be an important reference in order to see, on a macro scale, where the support levels lie and where potential market entry and exits will exist.
Summary:
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Uncertainty surrounding Japan’s response to North Korean aggression reveals investor interest in bitcoin;
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Technical indicators show the market is possibly approaching its top on the macro-trend;
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Support lines exist on the Fibonacci Retracement values shown in Figure 3.
Trading and investing in digital assets like bitcoin, bitcoin cash and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
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