|BTC Price: $10,107.68
Last 7 Days: -5.27% 1month: +6.85% 12months: +44.74%
In the past week Bitcoin has struggled to make gains above $10,500 and subsequently declined below $10,300. Currently, the price is trading in a bearish zone below the resistance level of $10,350 and close to $10,100. There is a rising channel or bearish flag forming with a support line near $10,035 on the hourly chart of BTC/USD. If we see a break down through $10,000 then further losses are expected looking towards $9,800 as next major support. Resistance levels are placed at $10,400 and $10,500. If bulls can take the price upwards of here we can expect to see further gains towards $11,000 which would confirm the next bull run is in play.
19thAugust: $16,038,264,603 (BTC Price of $10,916)
27thAugust: $15,575,060,959 (BTC Price of $10,136)
2.8% decrease in trading volume in the last 7 days