Bitcoin’s Daily Large Transaction Count is 26252 — How Did it Impact Price?

The Daily View for Bitcoin

  • Currently, BTC’s price is up $213.26 (0.38%) from the day prior.
  • Bitcoin has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists 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.

Bitcoin’s hourly price chart is shown below.

BTC

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $209.81 (0.37%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists 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 has a count of active addresses of 1017932, up 26.63% from its value day prior.
  • Over the past 29 weeks, the trend for BTC’s daily large transaction count has been choppy and unclear. It has oscillated between 10710 and 32499.
  • BTC’s daily transaction count now stands at 280184.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled Bitcoin vs Ethereum by Rocket Bomb🚀💣 you may find interesting:

Hello, friends!😊 Let’s take a look at higher time-frame and compare BTC & ETH movement 🔥 https://www.tradingview.com/x/mJLjGlov/ The “symmetrical triangle” is a relatively neutral figure:However, for example, if the formation of the “Symmetric Triangle” was preceded by an uptrend, then this pattern will signal a high probability of continued bull dominance in the market. …

RocketBomb