Wondering About Bitcoin’s Latest Count Of Active Addresses? Read to Find Out

The Daily View for Bitcoin

  • At the time of this writing, BTC’s price is up $256.66 (1.14%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Bitcoin has now gone down 24 of the past 30 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • 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

  • Currently, BTC’s price is up $256.66 (1.14%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Bitcoin has now gone down 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 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

  • BTC has a daily large transaction count of 15871, down 5.77% from its value day prior.
  • 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 334557.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS? you may find interesting:

Hello everyone, if you like the idea, do not forget to support with a like and follow.Welcome to this BTC update. In this BTC update, I’ll try to clear all your doubts. This chart is purely based on fractals and previous data. So let’s start. First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts. Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts. Third Bull Cycle:- Third bull cycle of BTC starts before the third halvi…

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