Bitcoin’s Latest Number Of Daily New Addresses Stands At 409945

The Daily View for Bitcoin

  • At the time of this writing, BTC’s price is down $-118.75 (-0.58%) from the day prior.
  • This is the 2nd day in a row Bitcoin has seen its price head down.
  • 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 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 down $-118.75 (-0.58%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • 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 daily transaction count of 247890, down 1.46% 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 10979 and 29714.
  • For BTC, its daily large transaction count is now at 20037.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled #Bitcoin Where is bottom? you may find interesting:

June19: #Bitcoin: “Where is Bottom?”This is just another chart but important chart in 4Day time frame.Gennerally In chart we see that whenever 50MA cross 200 MA downside , it called Death Crossover and market make new bottom. But in Bitcoin chart in 4 day says different story. We can see that in last 12 yrs, It happen only two times in FEB 2015 and March 2019. But important point …

NileshVerma