Bitcoin that never fails to startle the investors and its peer coins in the market is observed trooping lazily since last 7 days. Although, the motion is not such that it may dismay the potential investors to dodge back and doubt their mighty investments. Needless to comment about the no. 1 rank on which it is currently positioned and has a bona fide stance since inception and development of the crypto market.
Statistics at a glance for the last 7 days:
- Bitcoin traded as low as $5,026 in the span of last 7 days on 16th
- On the other hand, it traded at the highest draw of the week on 21st April with the price (USD) 5,355.13 on the roll.
- Other than these specific movements highlighted above, Bitcoin headed stably in the last 7 days with a resistance level of $5300.
The statistics for Bitcoin on 22nd April at 5:19 UTC time are as follows:
|Market Cap||93,370,435,504 USD|
|24h volume||14,039,904,460 USD|
|Circulating Supply||17,658,962 BTC|
Data interpretation and analysis:
As observed from the chart and data above by Coinmarketcap for the last 7 days we see that Bitcoin is 5.20% higher than the lowest $5026 of this week. Also, it is 0.60% lower than the spire of the week which is negligible and on the other hand, the change from the lowest till today is worth taking note of as compared to the change from the highest point. It is crucial to observe the strike that shows multiple movements on the day (16th April) on which the lowest point of the week was observed. Therefore, the maximum oscillations that took place in a day are pinned to take a note of.
Predictions and Conclusion:
No fancy movements are predicted to be observed by Bitcoin in the crypto market that may lead to a rush for the investors. Per the chart and the data above, we see a clear sky for the Bitcoin investors and the potential market having stable and steady movements not exciting enough to take longer footsteps and complete the portfolio of investments today!