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.

Weekly Price Trend

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.

You can share this post!

Author: Manoj Raturi

I am a Blockchain Technology enthusiast and love to read and write about it.

Leave a Reply

Your email address will not be published. Required fields are marked *