BTC Price: $7,878
Last 7 Days: 1.47% 1month: 51.18% 12months: 0.54%There is currently strong support showing for BTC/USD at a level of $7,250 after the last week of trading which saw a rise above the $7,400 resistance level and even further through the next resistance level of $7,500 and the 100 hourly simple moving average. Subsequently, there was a break above the $8,000 resistance level where the price hung around $8,200 before correcting to $8,100. Bitcoin is currently trading in a bull formation above the $7,650 support, so long as we sit comfortably above this level then you can expect to see $8,300 in the near term and potentially a break through the resistance level moving further to $8,400.
13th May: $28,677,672,182 (BTC Price of $7,814)
20th May: $23,886,116,068 (BTC Price of $7,904)
16% decrease in trading volume in the last 7 days