Huobi BTC(hbtc)market reviews and price predictions
Huobi BTC market statement for 2022-10-06
Yesterday the price of hbtc stood at $20 169. The market capitalization of the asset was $263 164 616. Huobi BTC’s volatility was established at 0.9%. The trading volume of the coin reached $97 893.
Huobi BTC prognosis for the next days:
We estimate the price of Huobi BTC to be $19 370 tomorrow 2022-10-08 and $19 559 on 2022-10-14;
We estimate the market capitalization of Huobi BTC to reach $288 968 015 tomorrow 2022-10-08 and $269 257 895 on 2022-10-10;
We estimate the volatility of Huobi BTC to become 2.43% tomorrow 2022-10-08 and 2% on 2022-10-10;
We estimate the trading volume of Huobi BTC to amount to $159 537 tomorrow 2022-10-08 and $186 827 on 2022-10-10.
Our recommendation for the pair HBTC/USD for tomorrow, 2022-10-08, to sell.
Huobi BTC sees limited 2% gains between September 30 and October 6 as the market cools down.
The bullish behavior of Huobi BTC last week was characterized by the occurrence of upswings. The situation on the HBTC market shows that the underlying asset is currently experiencing a period of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
September 29 - October 5 price action recap: Huobi BTC sees a weak 5% gain as the buyers take a step back.
Between September 29 - October 5, Huobi BTC has been mostly bullish as its price has been in the rising mode. The price swings of HBTC pointed to the presence of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Huobi BTC sees limited 4% gains between September 24 and September 30 as the market cools down.
The upward movement of the Huobi BTC price last week indicates the chosen market is. HBTC 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 growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Buyers weakened their grip on the Huobi BTC market (September 20 - September 26) as the price rose only by 2%.
Huobi BTC has been bearish last week as its price has been predominantly rising. HBTC 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 past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Bearish response: The Huobi BTC price melts by 2% between September 19 and September 25.
The analysis of last week’s price action shows that the Huobi BTC market is in the bearish phase since the price has been moving downward. HBTC was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Huobi BTC retraces by 4% in the period September 18 - September 24 as the market turns slightly bearish.
The bearish behavior of Huobi BTC last week was characterized by the occurrence of downswings. HBTC has been going through a period of low volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
September 17 - September 23 price action review: Huobi BTC goes down by 7%.
The price of Huobi BTC was falling last from September 17 until September 23, giving enough reason to conclude that the market is bearish. The price swings of HBTC pointed to the presence of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Down by 2% : The Huobi BTC market saw some bearish action last week (September 16 - September 22).
Huobi BTC has been bearish last week as its price has been predominantly falling. The price swings of HBTC pointed to the presence of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Huobi BTC slid down by 5% last week (September 13 - September 19) as the sellers pushed back.
The bearish behavior of Huobi BTC last week was characterized by the occurrence of downswings. The volatility of HBTC has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The bears stepped up a gear on September 12 - September 18, dropping the price of Huobi BTC by 9%.
The behavior of Huobi BTC last week was characterized by the occurrence of downswings. The volatility of HBTC has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.