Market analysis May 19 - May 25 : Bitcoin BR posts a 194% rally.
The upward movement of the Bitcoin BR price last week indicates the chosen market is bullish. The volatility of BTCBR has been high throughout the reviewed period in correspondence with the price action. 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.
According to our calculations, Bitcoin BR experiences larger than usual price fluctuations, which translates to the average volatility percentage of 138.18% during the period under review. May 19 was the day when the asset was the most volatile, with the volatility going as high as 138.18%. On May 25, the coin's volatility was at its minimum level of 11.23%. The present volatility of 138.18% renders the BTCBR market unstable with the possibility of violent price swings.
The losses of BTCBR after the weekly open on May 19 amounted to 12%. May 20 saw the coin going another 15% since the open, supported by the corresponding trading volume. Bitcoin BR posted the interim low at $0.000000000000003 on May 21 and then moved up by 53% and peaked at $0.000000000000004. The next trading session was characterized by more bullish price action (as BTCBR made a 42% move) on the back of the consistent trading volume. Bitcoin BR finalized the trading day of May 23 at $0.000000000000006 after opening it at $0.000000000000002, though the price broke through that corridor to hit the 24H high at $0.000000000000006 and the 24H low at $0.000000000000002. The crypto coin opened the trading session on May 24 at $0.000000000000006 and finalized it at $0.000000000000004; the highest point of price action was at $0.000000000000006, the lowest was detected at $0.000000000000004. The coin found the deepest trough (24H low) at $0.000000000000004 on May 25 and then exploded to the ceiling (24H high) at $0.000000000000007; the price range for that day was between $0.000000000000004 and $0.000000000000007. Over the course of all trading sessions, the asset established the weekly low at $0.000000000000001 while buyers managed to push the price up to the weekly high at $0.000000000000007. As a result of price action within the designated time period, the price movement range on the Bitcoin BR market was established at $0.000000000000005 or 194% between the weekly low and the weekly high.
Over the period of the last 7 days, May 19 to May 25, Bitcoin BR saw its average trading volume fluctuate between $255 and $27.83. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the BTCBR market had its volume ranging between $2.29 and $3 520. The asset demonstrated an 88% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 194%.
BTCBR experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Bitcoin BR market capitalization from the week before experienced no change, as a result there were no price fluctuations.