BTC Price: $3,572
Last 7 Days: -0.4% 1month: -12.6% 12months: -70.31%
Despite a move up to the $3,750 level, BTC ended the week pretty much as it began in terms of price, and all this despite a weekend where volumes did not drop back as is typically the case. An inability of BTC to remain above the 21 day moving average means that a sustained break of the $3,500 level remains high which would then put the December lows of $3,100 firmly back on the map and give the bears back control. Overall feeling within the market is one of positivity for BTC on a medium and long term view, however there still seems to be a widely held view that BTC is not out of the woods yet and a retest of the lows is on the cards.
14th January: $5,010,902,641 (BTC price of $3,587)
21st January: $5,289,145,865 (BTC price of $3,572)
5.5% increase in trading volume in the last 7 days