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

The Daily View for Bitcoin

  • At the moment, BTC’s price is down $-65.8 (-0.15%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • 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 $-43.08 (-0.1%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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, BTC’s daily large transaction count has been in a clear downtrend, falling by about 41.40 per day.
  • For BTC, its average transaction value is now at 16.4606.
  • BTC has an average transaction value of 16.4606, up 21.59% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled Top Crypto Influencers To Follow In 2021(part 1) you may find interesting:

Hi guysToday, I want to introduce you to the influencers that you should follow on Twitter and the news that they publish on their Twitter, can be effective in the crypto market. If you also know an important influencer who is not under this post, please comment.♦️ 1.Elon Musk(@elonmusk)The ever unabashed defender of bitcoin and dogecoin, the King of Crypto on Twitter has amassed so much influence that a single, one-word tweet can make or break a currency, leading investors into some wild roller coasters as of late. Cleary, he’s the kind of crypto influencers to follow if you don’t want to miss out on all the action.♦️ 2.Andreas Antonopoulos(@aantonop)This tech entrepreneur and open blockchain expert has long been regarded in the crypto community as a trusted and unbiased educator, with an extensive list of best-selling publications (The Internet of Money, Mastering Bitcoin) under his belt. He’s also the co-host of the hugely popular Speaking of Bitcoin, where he delves deeper into the technical aspect of digital currencies, the future of decentralized finance, the rise of neobanking, NFTs and, of course, the good ol’ BTC. Antonopolous earned his stripes as an early adopter of digital assets and the blockchain, making him one of the very few bona fide crypto experts in an industry increasingly saturated by wannabe gurus. Follow his Twitter for all his latest tips and thoughts.♦️ 3.Adam Back(@adam3us)As a pioneer of early digital asset research and adoption, Adam Back is best known for being the inventor of the proof-of-work system Hashcash, now used for cryptocurrency and blockchain verification purposes, all way the back in 1997. He also contributed to some of the world’s most revolutionary crypto-financial infrastructures through Bloc stream, a leading blockchain technology company of which he is the CEO and co-founder. The company places a heavy focus on developing distributed ledger technology (DLT) as well as other cryptocurrency ventures. Back has also gained his cloud as a top crypto expert by working as cryptography advisor specializing in security architecture, p2p systems, distributed file systems, protocol design and and cryptography protocols.♦️ 4. Nick Szabo(@NickSzabo4)Before Bitcoin there was BitGol…

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