Bitcoin price is no longer something discussed in hushed whispers by a group of techies. It has become a matter of open conversations, dinner-table conversations, water-cooler conversations! It has become a matter of government discussions and media debates. It is no longer the tech industry’s best-kept secret but has become an investor’s paradise. Let us take a closer look at the performance of Bitcoin price over the recent past and where it is headed.
Bitcoin Price Over The Past 24 Hours
Over the past 24 hours, Bitcoin prices have witnessed a minor fall of 0.81%. The currency began the day at a price of $10,754 – peaked at a high of $11,089 for a brief period, before again falling below the $10,000 levels. The currency closed the day at $10,661. Bitcoin’s market cap too fluctuated over the day, starting the day at a price of $181 Billion and closing the day at $79 Billion – this has been quite a stable day for Bitcoin prices!
Bitcoin Price Over The Past 7 Days
The past week has been a good and relatively stable week for Bitcoins as the currency prices haven’t fluctuated as much as they were over the past month. Bitcoin began the week at a price of $11,165 and closed the week at $10,661. This is a minor fall for the currency. However, the week’s low came when Bitcoin price reached $9467, but it has since bounced back from there.
Bitcoin Price Over The Past Month
February has been a month of a number of ups and downs. While Bitcoin started February at the price of $11,900 – the currency fell by almost 50% as it hit a low of $6146 in the first week of February. However, thankfully it has since been on a strong uptrend. Bitcoin price has since recovered by over $5000 over the month.
Bitcoin Price Expectations
It is now expected that in March, Bitcoin will continue to remain stable. The currency isn’t expected to fall to such drastic lows again in this year. It is expected that the currency will now test the resistance at the $13,000 to $14,000 levels over the course of March.
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You can also check out our analysis on:
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- Monero Price Analysis as on 28 February 2018
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- NEO Price Analysis as on 28 February 2018
- Cardano Price Analysis as on 28 February 2018
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Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.