Bitcoin Enters Today Up 0.23%

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $73.78 (0.17%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin’s hourly price chart is shown below.

BTC

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $96.07 (0.23%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between BTC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BTC’s price.

Below is a daily price chart of Bitcoin.

BTC

The Latest From BTC’s Blockchain

  • BTC’s number of daily new addresses now stands at 334706.
  • Over the past 29 weeks, the trend for BTC’s daily transaction count has been choppy and unclear. It has oscillated between 121538 and 359440.
  • BTC has a number of daily new addresses of 334706, down 5.37% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled BTC “PITCHFORK TRADING STRATEGY” (ON THE ROAD TO 130K) you may find interesting:

Hello everyone !Today the Black Cat Trader is analyzing BTC on a weekly chart. What we can see : – By using the Andrew’s Pitchfork into on one of the first BTC impulsive wave back in 2012, we can identify a very nice long term uptrend for bitcoin (Low = 2,25 ; High = 1163 ; Low 198) . Thanks to PF, supports, resistances and possibilities for futur growths can be easily identified. – By extending horizontal lines (purple) from previous ATH to lower lines of the pitchfork, we can clearly identify the potential zone where BTC could make its new ATH : ATH (25 Novembre 2013) = 1172 $ Extended line (from ATH to the lower line of the pitchfork) = NEW ATH (19.680 …

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