|BTC Price: $11,727
Last 7 Days: 23% 1month: 4.5% 12months: 67%With the past week of wider global issues we have seen BTC rally up and beyond the 20-day EMA for the first time in a couple of weeks. With a large increase of volume into the BTC market and subsequent moves upward, we could shortly challenge and then break the more recent BTC downtrend which, if done, will result in a possible retest of back towards the $14,000 mark. Some analysts feel the culmination of wider geopolitical issues will result in a squeeze toward the $15,000 mark, however with the natural volatility we see with BTC, keep an eye on momentum potentially falling and then profit taking kicking in which potentially could trigger a sharp pull back.
29thJuly: $14,800,761,599 (BTC price of $9,504)
5th August:$21,452,728,104 (BTC price of $11,727)
44.94% increase in trading volume in the last 7 days