Bitcoin Price Analysis -Week 1 [March 2019]
Bitcoin price was above the support level of $3,700 during the week. If we look at the bitcoin price history then it traded around $3,826 in first week. Crypto enthusiasts are still hoping when it would be trading above $4,000.
Bitcoin Price Analysis
Bitcoin Price broke the support level of $3,800 on 4th and was trading between $3,700 and $3,900 on 4th and 5th March. After that its price was consistent and trading above $3,800.
Bitcoin Price was up by 2.7% in the last 7 days but it has experienced a drop of 1.4% in the last 14 days. Its current market cap is $68.18 Billion with total market cap dominance of 51.28%. Its last 24 hour low and high value was
$3,806.75 / $3,933.68 respectively.
If we analyse the trend so far there seems no big change and price trend does not see any major change in coming week. Its support level can remain $3,750 and resistance level of $3,950 seems to be bit challenging.
Data Source: coingecko
Disclaimer: We do not encourage or suggest anybody to invest in Bitcoin and other Cryptocurrencies, please do your own full research and follow the law/rules as per your country standard.