Bitcoin’s Daily Large Transaction Count is 28768 — How Did it Impact Price?

The Daily View for Bitcoin

  • At the moment, BTC’s price is down $-98.14 (-0.16%) from the day prior.
  • Bitcoin has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin’s hourly price chart is shown below.

BTC

The Daily View for Bitcoin

  • Currently, BTC’s price is down $-91.78 (-0.15%) from the day prior.
  • Bitcoin has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Bitcoin.

BTC

The Latest From BTC’s Blockchain

  • BTC has a count of active addresses of 1080241, up 22.22% from its value day prior.
  • Over the past 29 weeks, the trend for BTC’s count of active addresses has been choppy and unclear. It has oscillated between 507420 and 1368446.
  • BTC’s average transaction value now stands at 11.0675.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled Bitcoin factor indicator accuracy is 83% you may find interesting:

https://www.tradingview.com/x/T3xRzYAx/ BITSTAMP:BTCUSD The Bitcoin is entirely speculation? Fundamentals support the price of it?The Bitcoin is not entirely speculation, it is the price of the fundamentals.The Bitcoin factor indicator is calculated by Bitcoin fundamental factor, it can reflect how much of the Bitcoin price is supported by the fundamentals.The green line is the Bitcoin factor in the chart, the trend of it are in conformity with the price, the orange line is the yearly correlation coefficient between the Bitcoin price and the Bitcoin factor, most of the time in the vi…

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