Wondering About Bitcoin’s Latest Daily Large Transaction Count? Read to Find Out

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $67.86 (0.11%) from the day prior.
  • The daily chart shows that Bitcoin has seen 2 straight up 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.
  • Of note is that the 20 day changed directions on BTC; it is now pointing up. 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 time of this writing, BTC’s price is up $40.17 (0.06%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 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.

Below is a daily price chart of Bitcoin.

BTC

The Latest From BTC’s Blockchain

  • BTC has a count of active addresses of 1039531, down 3.77% from its value day prior.
  • Over the past 29 weeks, the trend for BTC’s number of daily new addresses has been choppy and unclear. It has oscillated between 223941 and 630695.
  • For BTC, its number of daily new addresses is now at 483364.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled BTCUSD Best analysis for PRO Trader you may find interesting:

BTCUSD Daily TimeframeBitcoin for Swing Trading Daily Time Framehuman beings in the historyWe do not study the past or history.to predict the futureBut we collect past statistics.to apply the existing equation to analyzeOpportunities and possibilities in the future are separate.Bitcoin after the price surgeBreaks ATH. Price hits ATH resistance.There seems to be a slight condensation.I have been holding bitcoins for 10,000$.and continue to hold until technical according to my systemorder me to exit the tradeAnd it seems that we can find an opportunity to enter Long.BTCUSD can be increased for the following technical reasons:- Uptrend in TF M1- Uptrend in TF W1- Uptrend in TF D1*Strong Uptrend*- in the cycle of pricesh…

Captain_Trading01