Digital assets such as Bitcoin have become the center of interest not just for investors in the retail market and speculators but also large institutional investors who see Bitcoin and other digital currencies as adequate protection against inflation which can take huge tolls on the world economy. In this regard, we'll focus on the Bitcoin market and its current state and the long-term and mid-term price forecast that is dependent on the data of our own Crypto Volatility Index (CVIX). As of now, the value of Bitcoin is currently $44 107.07. The particular digital asset has 1st place in the ranking of global cryptocurrency.
• On February 8, the value of Bitcoin was $33 847.32 after the trading day, which is the equivalent of a 1.59 percent difference in comparison to the price at present;
• On February 2, the Bitcoin market was at $38 754.45 because of the efforts of every market participant. In the end, the price changed to 0% relative to its current position;
• On January 9, Bitcoin was valued at $41 910.51, which was the same as our price forecast for the time period. Comparatively to the current position of Bitcoin, the price represents the equivalent of a 5.24 percentage price increase.
According to the market capitalization data given above, Bitcoin is a large-cap cryptocurrency in the category of less risk. However, the decision on whether or not you should include Bitcoin within your portfolio should be based on your investment objectives and your risk tolerance. You can visit https://www.cryptoscript.io/ that connects TradingView for live signals for bitcoin trading. At present, the current circulating supply of Bitcoin is estimated to be 18.952 925 BTC. According to TradingView information, the trading amount of Bitcoin was as follows: Bitcoin market was according to the following:
• In the last 24-hour period, the volume of trading of the Bitcoin market was the sum of $357 455 251 528.
• On February 8, the average volume at the end of the trading session was $28 648 130 330.
• On February 2, the ferocity of Bitcoin trading during the session was $20 296 953 021.
The information, as well as the patterns that appear on the Bitcoin chart, will assist you in understanding the current situation in the market and also the possibility of the price advancing in the direction it is currently heading or even the reversal.