Wondering About Bitcoin’s Latest Average Transaction Value? Read to Find Out

The Daily View for Bitcoin

  • Currently, BTC’s price is down $-384 (-0.67%) 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 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 down $-390.6 (-0.68%) 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 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

  • For BTC, its average transaction value is now at 13.2683.
  • Over the past 29 weeks, the trend for BTC’s daily large transaction count has been choppy and unclear. It has oscillated between 10710 and 32499.
  • BTC has a daily transaction count of 211506, down 14.09% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled The Epical Rise Of Blockchain, Bitcoin And Cryptocurrency! you may find interesting:

Hello, Welcome to this analysis about Blockchain, Bitcoin, And Cryptocurrency. In the past decades Blockchain, Bitcoin and Cryptocurrency established a paradigm and rise to the top in a faster, higher, and more accelerated manner since it was never seen before in human money history. In fact, as I already mentioned in a previous article Bitcoin is the most innovative and technologically advanced money form in history, it is due to the fact that it is scarce and can not be increased by will like it is the case with fiat money in its form we see today, even gold is not completely scarce because it is unknown how much of it can still be mined, for Bitcoin it is clear only 21 million can be mined. These developments come not from nowhere, in fact, the origins of Bitcoin and other cryptocurrencies as we know seem today have their roots back years before the first Bitcoin transaction was made by the famous Satoshi Nakamoto, all this came from smart people who made thoughts on how a decentralized, scalable and scarce money can be created to the astonishing developments we have seen till today, even whole countries adopting the technology as a legal tender. Therefore I looked at all the important developments for Blockchain, Bitcoin, and Cryptocurrency that were recorded till today and categorized them into three main periods. THE TECHNOLOGICAL-INITIATION-DEVELOPMENT-PERIOD: When looking into the history of Blockchain, Bitcoin, and Cryptocurrency it becomes clear that the first footsteps of this innovational technology were spotted in the 20th century, to be clear it was in 1979 the year in which Ralph Merkle published the Merkle-Tree in its P.h. D. thesis, it was the very first model of a blockchain which already provided an approach to public-key distribution and digital signatures, an epical moment that should lie grounds for the further developments following in past years. In the years following this event many important technological events and inventions took place such as hashcash which was the very first digital form of a proof-of-work conceptual technology, proof-of-work is the central process behind mining Bitcoin. In 2004 then Hal Finney came to the surface whom some describe as the secret hidden Satoshi Nakamoto and in fact this can be possible as Hal Finney already created a Non-Exchangeable Non-Fungible Token Exchange Dynamic with the proof-of-work concept implemented. Then just some years later in 2008 a mysterious Satoshi Nak…

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