Bitcoin Price Analysis on August 27: Ongoing Consolidation

Bitcoin Price Analysis and Market Consolidation

For two weeks, the course almost every day concerns the level of support in the zone of $ 10,000, but each time the buyer pushes the bears back. It may indicate a balance in the market.

Bitcoin's volatility has been declining in the last days. The average amplitude of the price movement per day is $ 450, or 4.3%. The last time such a long trading zone was observed at the end of April 2019.

Crypto Market Capitalization and Coin Trends

Capitalization of the entire market decreased slightly and now amounts to $ 264 billion, while trading volume fell from $ 57 billion to 52 billion (a 5% drop).

It reflected in the depreciation of most coins against the dollar: 86 cryptocurrencies showed a negative result for the day. However, the sharpest drop was 12.5% for ABBC Coin, which is not a very large indicator.

The leader was MaidSafeCoin, which grew by 24% in just 30 minutes of trading!