BTC Price: $4,136
Last 7 Days: 6.78% 1month: 9.45% 12months: -36.56%
With some saying the Bitcoin bear market has ended, over the last week Bitcoin has had an extremely bullish run, bottoming out at $3,961, the price pushed up to the $4,050 price level and extended the bullish pressure towards $4,130 and more recently rallying towards the resistance level of $4,254. Further increase in the Bulls’ momentum will further increase the BTC price in which the resistance level of $4,254 may be its target. If this was to happen then we would expect a pullback at the $4,254 mark before it continues its uptrend movement. There is also a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC/USD and we could see the pair decline in the short term, but it remains supported near $4,100 and $4,050 for now.
25th March: $10,359,818,883 (BTC Price of $3,459)
1st April: $10,007,998,093 (BTC Price of $3,690)
3% decrease in trading volume in the last 7 days