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Bitcoin (BTC) price analysis: BTC Bulls Showing Stability after Breaking $10,000

At the time of writing this article, Bitcoin (BTC) was trading at $10,372.5 against the United States dollar (USD). The coin was also showing a positive and upward movement of 5.86 percent. The market cap of the coin was 184. 97 billion United States dollar (USD) and the market supply was 17.8 million United States dollar (USD).

The Relative Strength Index (RSI) shows that the coin is relatively stable, the Relative Strength Index (RSI) was at 55 marks. Although a few hours ago it was as high as 80. The Bollinger bands is in the middle between the upper band and the lower band and this indicates healthy trading for the coin.

 Bitcoin Statics
Bitcoin Price  $10,384.11
Market Cap  $184,989,134,739
Market Cap Dominance  69.93% 
Trading Volume $22,346,940,640
24h Low / 24h High $9,770.72 / $10,464.42

As reported earlier by us, the self-proclaimed Satoshi Nakamoto, Craig Wright has been ordered by a Florida federal judge to pay half of the Bitcoins and half of the intellectual property he had accumulated with his business partner David Kleiman.

After seeing the developments in the case named Wright versus Kleiman, many traders, buyers, and investors feel that the market will experience download momentum as people on the side of this is David Kleiman will have to offload a large amount of Bitcoin in order to pay for the taxes which are as high as 40 percent. The taxes would be calculated at the date of death of David Kleiman when Bitcoin (BTC) was not as high as what today it is.

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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