Bitcoin’s Daily Transaction Count is 289141 — How Did it Impact Price?

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $163.35 (0.26%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • 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 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

  • Currently, BTC’s price is up $413.29 (0.67%) 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.
  • Of note is that the 20 day changed directions on BTC; it is now pointing up. 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 daily transaction count of 289141, up 0.14% from its value day prior.
  • Over the past 29 weeks, the trend for BTC’s number of daily new addresses has been choppy and unclear. It has oscillated between 223941 and 630695.
  • For BTC, its number of daily new addresses is now at 476819.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled Are Shiba Inu & Bitcoin Now Linked? What Will Happen To Bitcoin! you may find interesting:

After the new All-Time High 20-Oct. Bitcoin continues trading within lower highs.Lower highs can lead to lower lows just like higher lows can lead to higher highs.We’ve been expecting a correction now for a while.We were bullish when everyone was bearish and shared many articles pointing to Bitcoins growth.Once Bitcoin peaked, we went bearish as everybody stayed bullish a…

AlanSantana