Bitcoin(btc)market reviews and price predictions

Bitcoin market statement for 2022-11-26

Yesterday the price of btc stood at $16 501. The market capitalization of the asset was $317 919 884 011. Bitcoin’s volatility was established at 0.11%. The trading volume of the coin reached $18 933 018 588.

Bitcoin prognosis for the next days:

We estimate the price of Bitcoin to be $15 481 tomorrow 2022-11-28 and $16 681 on 2022-12-04;

We estimate the market capitalization of Bitcoin to reach $313 945 853 403 tomorrow 2022-11-28 and $315 169 030 861 on 2022-11-30;

We estimate the volatility of Bitcoin to become 1.63% tomorrow 2022-11-28 and 1.14% on 2022-11-30;

We estimate the trading volume of Bitcoin to amount to $19 158 894 964 tomorrow 2022-11-28 and $21 344 943 685 on 2022-11-30.

Our recommendation for the pair BTC/USD for tomorrow, 2022-11-28, to hold.

Bitcoin(btc)week price prediction
UNCLEAR
Price
Volatility
Capitalization
Volume
Oct 30Nov 06Nov 13Nov 20Nov 27Oct 30Nov 06Nov 13Nov 20Nov 2715,00016,00017,00018,00019,00020,00021,00015,00016,00017,00018,00019,00020,00021,000
Today's review

Bitcoin retraces by 1% in the period November 20 - November 26 as the market turns slightly bearish.

The downward movement of the Bitcoin price last week indicates the chosen market is bearish. BTC was caught in a period of low volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.

Latest reviews

Bitcoin retraces by 1% in the period November 17 - November 23 as the market turns slightly bearish.

Between November 17 - November 23, Bitcoin has been mostly as its price has been in the falling mode. The price swings of BTC pointed to the presence of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

Bitcoin retraces by 2% in the period November 16 - November 22 as the market turns slightly bearish.

Between November 16 - November 22, Bitcoin has been mostly bearish as its price has been in the falling mode. The price swings of BTC pointed to the presence of low volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

Slightly bearish : traders witnessed Bitcoin moving down 4% from November 15 till November 21.

The analysis of last week’s price action shows that the Bitcoin market is in the bearish phase since the price has been moving downward. BTC has been going through a period of low volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

Bitcoin market stayed flat from November 14 - November 20.

Bitcoin portrayed neutral behavior last week, with no changes in the price. The situation on the BTC market shows that the underlying asset is currently experiencing a period of low volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

November 13 - November 19 price action recap: Bitcoin sees a weak 1% gain as the buyers take a step back.

The analysis of last week’s price action shows that the Bitcoin market is in the bearish phase since the price has been moving upward. BTC has been going through a period of low volatility, which fell in line with the occurred price changes. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

Bearish response: The Bitcoin price melts by 4% between November 10 and November 16.

The analysis of last week’s price action shows that the Bitcoin market is in the phase since the price has been moving downward. The volatility associated with the BTC market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The bears had a field day between November 8 and November 14 as Bitcoin got knocked down by 11%.

The downward movement of the Bitcoin price last week indicates the chosen market is bearish. BTC has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.

A 21% drop on the Bitcoin market last week (November 6 - November 12) signals that the sellers are gaining strength.

The analysis of last week’s price action shows that the Bitcoin market is in the bearish phase since the price has been moving downward. The volatility of BTC has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The torpid Bitcoin had its price rise only by 1% last week (November 1 - November 7).

The analysis of last week’s price action shows that the Bitcoin market is in the bullish phase since the price has been moving upward. BTC was caught in a period of low volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.

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