Bitcoin’s Latest Daily Transaction Count Stands At 246189

The Daily View for Bitcoin

  • Currently, BTC’s price is up $151.83 (0.28%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 100 day moving average has been crossed, so that price is now turning above it. 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

  • At the moment, BTC’s price is up $142.73 (0.26%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 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 an average transaction value of 12.9829, down 9.21% from its value day prior.
  • 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’s count of active addresses now stands at 1017910.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled Bitcoin Analyze (Fib Tools & ๐Ÿ›‘Signs๐Ÿ›‘)!!! you may find interesting:

Hi, we saw a great bull๐Ÿฎ rally after the price was able to broke an important resistance line. what will happen next? Bitcoin Analyze ( BTCUSDT ) Timeframe Daily โฐI tried to use some Fib tools for finding the next movement and resistance and support zones on this post. I think that Bitcoin dump again. maybe you are asking why ?! I can see some Signs of Reversal . let’s check these Signs .๐Ÿ›‘ Sign 1 : if you pay attention to lines of Fib Speed Resistance Arcs, you can see, when the price touched lines for the first time on a rally, the price has started to reversing from them (๐ŸŸฆ Blue Rectangles ๐ŸŸฆ). now price is close to one of these linesโœ…๐Ÿ›‘ Sign 2 ๐Ÿ›‘: Point D of Bearish Gartley Harmonic Pattern will appe…

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