Bitcoin’s Volatility in the Last Week Indicates Uncertainty in Price Movements

• Bitcoin loses value in one day and falls below 10,300 USD.
• The last week’s volatility pushed the coin from 10,900 USD to 10,300 USD.

Bitcoin has faced another phase of price correction in the last 24 hours and this time; it has been pushed below 10,300 USD. Over the previous seven days, BTC has been through a volatile movement having four major price shifts. It has been traded from $10,900 to $10,300. Before analyzing the price changes, let us look at the current details of the Bitcoin.

Current Statistics of Bitcoin:

 Bitcoin Price Analysis & Predictions:

Bitcoin’s first swing of the week happened between 03^rd September and 04^th September. This swing cost the coin $317 and placed it at $10,404.44. It was followed by a 5.05% hike over the next 2 days and this hike added $525.73 to place the Bitcoin price at the highest point of the week at $10,928.52. The third swing happened between 06^th September and 09^th September and this hike had a break on 08^th September at $10,590. The last swing of the week is between 09^th September and 10^th September and this swing managed to give the coin a semblance of recovery. This 1.90% increment in the price took the BTC to $10,302.58 by 02:45 UTC of today. And then, Bitcoin recorded price drop and reached $10293.64 as of now.

Bitcoin’s last seven days have been full of volatile fluctuations and the uncertainty prevails on the whole market as well. Following are the calculated resistance and support levels: