BitcoinV market outlook from September 16 - September 22 :the price surges by 173%.
The analysis of last week’s price action shows that the BitcoinV market is in the bullish phase since the price has been moving upward. The situation on the BTCV market shows that the underlying asset is currently experiencing a period of high volatility. 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.
The considerable chops and changes in the price of BitcoinV resulted in average volatility of 105.47%. September 16 was the day when the asset was the most volatile, with the volatility going as high as 105.47%. On September 22, the coin's volatility was at its minimum level of 0.53%. The high volatility of 105.47% points to the possibility of unpredictable and violent price action.
The losses of BTCV after the weekly open on September 16 amounted to 4%. The price action of the coin remained bullish on September 17 as the bulls pushed the price up by 105%. BitcoinV posted the interim low at $0.0007 on September 18 and then moved down by 10% and peaked at $0.0009. On September 20, BTCV market moved by 6% in the bearish direction in concert with the trading volume. The developments on the BitcoinV market on September 20 started with the price opening at $0.0008 and subsequently moving to $0.0007, the close of the day, while dropping to the 24H low at $0.0006 and spiking to the 24H high at $0.0006. The activity on the crypto coin's market on September 21 resulted in the asset being traded between $0.0007, the open of the day, and $0.0008, the close of the day; at some point, the price spiked to the daily high at $0.00076 and briefly dropped to the daily low at $0.00072. On the last day of the reviewed period, the coin was locked between $0.0007 and $0.0007, though the price managed to puncture these levels to reach the 24H high at $0.0007 and the 24H low at $0.0007. Over the course of all trading sessions, the asset established the weekly low at $0.0003 while buyers managed to push the price up to the weekly high at $0.0009. Traders saw BitcoinV covering the $0.0005 distance between the weekly low and the weekly high, which constituted for a 173% move.
The trading activity on the BitcoinV market over the past week - September 16 to September 22 - generated the average trading volume that went from $88.29 to $251. During the week before September 16, the trading volume of BTCV flowed from $117 to $238. The 117% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 173%.
BTCV 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. BitcoinV market capitalization from the week before experienced no change, as a result there were no price fluctuations.