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 $74.52 (0.37%) from the day prior.
  • This is the 2nd day in a row Bitcoin has seen its price head 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

  • Currently, BTC’s price is up $74.52 (0.37%) from the day prior.
  • Bitcoin has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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.
  • Divergence alert: Trend in BTC’s price and its RSI are diverging. BTC’s price is declining faster than its RSI.

Below is a daily price chart of Bitcoin.

BTC

The Latest From BTC’s Blockchain

  • BTC’s average transaction value now stands at 59.6866.
  • Over the past 29 weeks, the trend for BTC’s count of active addresses has been choppy and unclear. It has oscillated between 703687 and 1188324.
  • BTC has an average transaction value of 59.6866, up 23.4% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled BTCUSD you may find interesting:

If we look at the price from 1st november 2011 and we put line from that date to today, price broke longterm line and it is a very bearish sign.If price wants that bull market continues then price has to be above 28.000usd.Now, price of 28.000usd seems like real life exists on Mars.Last hope is dead and bear market will be for a long time, maybe forever, depend of month june and july.Why? BTC’s value now is 420 billons dollares and if BTC would be 100.000usd then…

mjelicespanol