Bitcoin’s Latest Daily Transaction Count Stands At 255930

The Daily View for Bitcoin

  • Currently, BTC’s price is up $25.68 (0.11%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 200 day changed directions on BTC; it is now pointing up. 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 time of this writing, BTC’s price is up $23.67 (0.1%) from the day prior.
  • This is the 3rd day in a row Bitcoin has seen its price head up.
  • Regarding the trend, note that the strongest trend exists 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

  • Over the past 29 weeks, the trend for BTC’s average transaction value has been choppy and unclear. It has oscillated between 5.6898 and 59.6866.
  • BTC’s average transaction value now stands at 14.6514.
  • BTC has a number of daily new addresses of 387341, down 3.57% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled Bitcoin Analyze (Where is the end of correction❗️❓)🧐 you may find interesting:

Hi, everyone; today, I want to check out the end-of-correction of Bitcoin at Weekly Timeframe.Bitcoin is reacting to lines of the Fibonacci Channel very well, so we can use it for finding the end of waves.Bitcoin is looking to find the end of the main wave A; I expect that the end of Bitcoin’s correction can occur in the PRZ zone; also, according to the analysis of the lower timeframes, a drop from the current price ranges is still expected.🔆The structure of Main wave A is Double Zigzag Correcti…

pejman_zwin