Bitcoin’s Number Of Daily New Addresses is 440065 — How Did it Impact Price?

The Daily View for Bitcoin

  • At the moment, BTC’s price is down $-164.41 (-0.74%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • Regarding the trend, note that the strongest trend exists 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.

Bitcoin’s hourly price chart is shown below.

BTC

The Daily View for Bitcoin

  • At the time of this writing, BTC’s price is down $-171.36 (-0.77%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Bitcoin has now gone down 5 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 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.

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 daily transaction count has been choppy and unclear. It has oscillated between 186834 and 315759.
  • For BTC, its number of daily new addresses is now at 440065.
  • BTC has an average transaction value of 29.1769, up 165.82% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled BTC next line of support is $19K and even lower is $16K you may find interesting:

Bitcoin fear and price capitulation is in full swing. Momentum is strong and markets are filled with uncertainty. This price volatility is unmatched in recent history. The price losses are similar to March 2020. This Green and Red Lines are market support or Resistance. Green lines are price resistance that BTC has passed thru and Red are BTC price resistance/support yet to be proven.The Correlation Coefficient(CC) (freq 5) is attached to the comparing CME BTC Futures. So far the CME Bitcoin futures are priced consistently with BTC. A week prior to June 14 2022 the CC was in the negative direction showing CME was representing a rise in BTC price while BTC 24/7 spot market represented a decline in BTC price. This lag has been reduced from the previous weekend. 6/13/2022 daily close 22450.43 BTCUSD BITSTAMP. Weekly MACD is showing price momentum to be divergent from 4/12/2021 to 11/08/2021. The month of December 2021 to Late March 2022 proved this divergence had som…

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